Another dip in state, local jobless rates

Ever so slowly, the numbers are approaching the single digits. California's rate fell to 10.1 percent in October, down from 10.2 percent the previous month. Perhaps more importantly, employers added 45,800 jobs to the rolls in October and revised the September gains to 32,000, way up from the initial 8,500-job estimate. Jobs gains for much of the summer had been disappointing in California. In L.A. County, the October unemployment rate was 10.5 percent, down from a revised 10.6 percent, and the separate payroll survey showed an addition of 41,200 jobs, with much of the increase concentrated in education-related positions. Manufacturing lost 1,000 jobs and the normally volatile entertainment industry lost 3,800.

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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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