L.A. jobless rate is unchanged at 11.8%, but payrolls are up

February's 11.8 percent rate is still very high - nearly a full percentage higher than California's jobless rate of 10.9 percent (also unchanged from January). The U.S. unemployment rate in February was 8.3 percent. Somewhat better news: the separate payroll survey shows that L.A. gained 28,900 jobs in February; in all of California, the increase was 4,000. Here's the EDD release.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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