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California’s Unemployment Drops To 9.8 percent / SLO Unchanged / Valley Up

California’s unemployment rate decreased to 9.8 percent in November, and nonfarm payroll jobs decreased by 3,800 during the month for a total gain of 564,100 jobs since the recovery began in February 2010, according to data released today by the California Employment Development Department (EDD) from two separate surveys.

The U.S. unemployment rate decreased in November to 7.7 percent.

In October, the state’s unemployment rate was 10.1 percent, and in November 2011, the unemployment rate was 11.3 percent. The unemployment rate is derived from a federal survey of 5,500 California households.

Nonfarm jobs in California totaled 14,406,400 in November, a decrease of 3,800 jobs over the month, according to a survey of businesses that is larger and less variable statistically. The survey of 42,000 California businesses measures jobs in the economy. The year-over-year change (November 2011 to November 2012) shows an increase of 268,600 jobs (up 1.9 percent).

EMPLOYMENT AND UNEMPLOYMENT IN CALIFORNIA

The federal survey of households, done with a smaller sample than the survey of employers, shows an increase in the number of employed people. It estimates the number of Californians holding jobs in November was 16,589,000, an increase of 78,000 from October, and up 223,000 from the employment total in November of last

SLO & Valley Counties

The unemployment rate in the San Luis Obispo County was 7.3 percent in November 2012, unchanged from a revised 7.3 percent in October 2012, and below the year-ago estimate of 8.6 percent.

The unemployment rate in the Tulare County was 14.5 percent in November 2012, up from a revised 14.4
percent in October 2012, and below the year-ago estimate of 15.4 percent.

The unemployment rate in the Fresno County was 14.4 percent in November 2012, up from a
revised 13.8 percent in October 2012, and below the year-ago estimate of 15.8 percent. This
compares with an unadjusted unemployment rate of 9.6 percent for California and 7.4 percent
for the nation during the same period.

Between October 2012 and November 2012, total wage and salary employment in Fresno decreased by 5,900 jobs (down 1.8 percent) to total 328,200. Farm employment dropped by 5,700 jobs (down 12.6 percent) and nonfarm employment declined by 200 jobs (down 0.1 percent).
• Farm employment posted the largest month-over decline by a drop of 5,700.

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