Associated Press
Posted: 09/16/2011 01:09:06 PM PDT
SACRAMENTO - California's jobless rate grew for the second straight month in August to 12.1 percent, led by continued sluggishness in the construction industry, the state Employment Development Department said Friday.
The unemployment rate had been declining since March until it spiked back to 12 percent in July. California's rate is the second highest in the nation, behind Nevada's 13.4.
"I would say it's a flat market," said Brad Kemp, director of regional research with Beacon Economics in Los Angeles. "I just think we have to get used to the fact that slow growth is the path that we're on, and I don't think that's going to change anytime soon."
Nonfarm payroll jobs fell by 8,400 during the month, with the construction industry suffering the biggest decrease, down 7,200 jobs.
The unemployment rate was a slight improvement from a year ago, when it was 12.4 percent. During the 12-month period that ended in August, California gained 171,000 jobs, even as nearly 2.2 million residents remained jobless.
Kemp said the uptick in last month's unemployment rate shows the state should not expect any dramatic improvement for at least the next year.
Two factors are contributing to the slow recovery, he said.
First, employers began adding jobs last year when it looked as if the economy was rebounding. With uncertainty prevailing, they are absorbing those jobs before hiring again.
Also, any growth in private
industry jobs is being offset by public sector layoffs, as state and local governments adjust to lower revenue.
The state reported that six categories lost 17,500 jobs in August: construction; information; financial activities; educational and health services; other services; and government.
Five categories added 9,100 jobs last month. They were mining and logging; manufacturing; trade, transportation and utilities; professional and business services; and leisure and hospitality.
"You've got to have a long-term vision of the economy getting better before you see employers making any significant moves," Kemp said.
"My mission is to genuinely help others, without a selfish intent, by complying with values that improve lives, no matter how insignificant it may seem."
Aol Technical Support Phone Number
ReplyDeleteAol Technical Support Number
Aol Tech Support Number
Aol Tech Support phone Number
Aol Support Phone Number
Aol Tech Support Number
Outlook Technical Support Phone Number
Outlook Technical Supprt Number
Outlook Tech Support Number
Outlook Tech Support Phne Number
Outlook Support Phone Number
Outlook Tech Support Number
Quickbooks Tech Support Number
ReplyDeleteQuickbooks Support Phone Number
Quickbooks Tech Support Number
Quickbooks Support Number
Quickbooks Technical Support Number
Quickbooks Tech Support Phone Number
Quickbooks Customer Service Number
Quickbooks Customer Service Phone Number
Quickbooks Customer Support Number
Quickbooks Customer Support Phone Number
Quickbooks Help Desk Phone Number
Quickbooks Help Desk Number
Quicken Support Phone Number
ReplyDeleteQuicken Support Number
Quicken Support Phone Number
Quicken Tech Support Number
Quicken Technical Support Number
Quicken Tech Support Phone Number
Quicken Technical Support Phone Number
Quicken Helpdesk Phone Number
Quicken Customer Service Phone Number
Quicken Customer Service Number
Quicken Customer Support Number
Quikcbooks Support Phone Number
ReplyDeleteQuikcbooks Support Number
Quikcbooks Support Phone Number
Quikcbooks Tech Support Number
Quikcbooks Technical Support Number
Quikcbooks Tech Support Phone Number
Quikcbooks Technical Support Phone Number
Quikcbooks Helpdesk Phone Number
Quikcbooks Customer Service Phone Number
Quikcbooks Customer Service Number
Quikcbooks Customer Support Number