graphrix_IHB
New member
The <a href="http://www.calmis.ca.gov/file/lfmonth/oran$pds.pdf">EDD job numbers</a> are out today and they are ugly. The August numbers were revised lower as well.
It is typical for the number of employed to decrease from the seasonal high of July but this September is the first since 1990 to have unemployment increase with it. Typically unemployment decreases due to the seasonal adjustment.
It is the first September to have unemployment increase YOY since 2002 and it was the largest increase since 1992 when adjusting for the amount of civilian labor force. The good news is it wasn't as bad as 92.
Finance and insurance has lost 10,100 jobs since the peak of December of 2005. Credit related activities has lost 8300 jobs since that peak.
The so called saving grace to OC's economy sector of professional and business services is down 1200 jobs or -0.4% compared to an increase of 4.6% the year before. The professional, tech and scientific sector added 1100 jobs and grew by 1% compared to an increase of 6.5% from the year before.
Retail jobs increased by 100 or 0.1% YOY and is down -0.1% from 2005.
Full service restaurants, manufacturing and transportation continued to decline.
The good news is the health care and leisure and hospitality sector continued to grow. But of course these sectors grew in the 90s recession too.
It is typical for the number of employed to decrease from the seasonal high of July but this September is the first since 1990 to have unemployment increase with it. Typically unemployment decreases due to the seasonal adjustment.
It is the first September to have unemployment increase YOY since 2002 and it was the largest increase since 1992 when adjusting for the amount of civilian labor force. The good news is it wasn't as bad as 92.
Finance and insurance has lost 10,100 jobs since the peak of December of 2005. Credit related activities has lost 8300 jobs since that peak.
The so called saving grace to OC's economy sector of professional and business services is down 1200 jobs or -0.4% compared to an increase of 4.6% the year before. The professional, tech and scientific sector added 1100 jobs and grew by 1% compared to an increase of 6.5% from the year before.
Retail jobs increased by 100 or 0.1% YOY and is down -0.1% from 2005.
Full service restaurants, manufacturing and transportation continued to decline.
The good news is the health care and leisure and hospitality sector continued to grow. But of course these sectors grew in the 90s recession too.