The California Employment Development Division recently released its employment figures for January 2012. The January unemployment rate for Orange County was 8%, which was an increase from December 2011 rate of 7.8%. Orange County's unemployment rate was the third lowest in the state of California.
Orange County lost 29,700 jobs in January, leaving a total number of 127,500 unemployed persons. That number was up from 126,000 December 2011. However, the 127,500 is a decrease from a year ago where 146,300 people were unemployed.
Job losses by sector were as follows:
-Trade, transportation and utilities lost 9,400 jobs
-Retail lost 8,100 jobs
-Professional and business services lost 5,500 jobs
-Construction lost 1,400 jobs
An increase in unemployment in January is not unusual, as many December holiday workers are laidoff.
If you are struggling with unemployment and debt, please contact 1st California Law.