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SLO & State Jobless Rates Fall

SLO County jobless rate

Both San Luis Obispo County and the state of California saw their jobless rates fall in August the EDD reports.
SLO County’s unemployment rate fell to 8.1%,down from 8.5% in July and down from 9.6% in August 2011. The report says SLO County has 2800 more jobs in August than year ago.
In California the unemployment rate decreased to 10.6 percent from.10.7% and 11.9% in August 2011., and nonfarm payroll jobs increased by 12,000 during the month for a total gain of 504,000 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 year-over-year change (August 2011 to August 2012) shows an increase of 298,700 jobs (up 2.1 percent).

The federal survey of households, done with a smaller sample than the survey of employers, shows a decrease in the number of employed people. It estimates the number of Californians holding jobs in August was 16,404,000, a decrease of 38,000 from July, but up 203,000 from the employment total in August of last year.
The number of people unemployed in California was 1,935,000 – down by 27,000 over the month, and down by 243,000 compared with August of last year.

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