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.