San Luis Obispo County jobless rate climbs in November
December 21, 2010
San Luis Obispo County lost an additional 1,300 jobs from October to November increasing the number of unemployed to 13,600, according to a report released Friday by the state Employment Development Department.
Last month, of the 96,300 non-farm county jobs, 23,100 were employed in the government sector. Nationally and statewide, government makes up nearly 20 percent of non-farm jobs, according to the Bureau of Labor Statistics.
A recent economic forecast from Sung Won Sohn at Cal State Channel Islands suggests that weakness in the government sector and the probability of falling tax revenue will slow down an already sluggish recovery. [LATimes]
In November 2010, San Luis Obispo County’s unemployment rate was 9.9 percent, up from 9.4 percent in June 2010. The rate is higher than the national average of 9.3 percent and below the state’s 12.4 percent rate.