EMPLOYMENT
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June’s national job numbers disappoint
The slow growth trend is likely to be reflected at the state and local level
by Caitlin AdamsPublished: July 06, 2012 04:15 PM
The Bureau of Labor Statistics released June’s unemployment numbers today, ending the holiday week on a bit of a sour note. The country added only 80,000 jobs last month, following on a disappointing 77,000 in May. The news makes for a three-month period of low national job growth.
June’s job numbers are not yet available for California or Orange County, but the trend reflected in the national report is likely to continue at the state and local level. During May, the last month with complete data, the region saw an Orange County local unemployment rate at 7.5 percent, following closely on the national trend of 7.9 percent.
May’s national unemployment rate (7.9 percent) has been seasonally adjusted upwards to 8.2 percent where it remains for June. The statistical areas of California and Orange County both saw very small changes over the prior period – following national job growth of only 77,000 new jobs. Following seasonal adjustment, it’s likely that the local and state unemployment rates will shift by only 0.1 to 0.2 percentage points in June, or, like the national rate, remain unchanged.
The best month of the year for jobs so far has been March, when the country added a total of 143,000 jobs. OC Metro will report on the June unemployment rate for California and Orange County on July 20.
Related headlines
May unemployment sees marginal bump
Orange County adds jobs in April
Blog ~ Your vote will help create jobs
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June’s job numbers are not yet available for California or Orange County, but the trend reflected in the national report is likely to continue at the state and local level. During May, the last month with complete data, the region saw an Orange County local unemployment rate at 7.5 percent, following closely on the national trend of 7.9 percent. May’s national unemployment rate (7.9 percent) has been seasonally adjusted upwards to 8.2 percent where it remains for June. The statistical areas of California and Orange County both saw very small changes over the prior period – following national job growth of only 77,000 new jobs. Following seasonal adjustment, it’s likely that the local and state unemployment rates will shift by only 0.1 to 0.2 percentage points in June, or, like the national rate, remain unchanged. The best month of the year for jobs so far has been March, when the country added a total of 143,000 jobs. OC Metro will report on the June unemployment rate for California and Orange County on July 20. Related headlines May unemployment sees marginal bump Orange County adds jobs in April Blog ~ Your vote will help create jobs |
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