Friday, October 16, 2009

More Job Losses in California in September

by Calculated Risk on 10/16/2009 02:31:00 PM

From the California Employment Development Department

EDD’s report on payroll employment (wage and salary jobs) in the nonfarm industries of California totaled 14,200,400 in September, a net loss of 39,300 jobs since the August survey. This followed a loss of 7,200 jobs (as revised) in August.
The goods news is the unemployment rate declined slightly after an upwards revision to the August report:
California’s unemployment rate was 12.2 percent in September ... In August, the state’s unemployment rate was a revised 12.3 percent
The revision makes the 12.3% California unemployment rate for August a new series high (state series began in 1976).

The BLS will release the data for all States on Oct 21st.