Sour jobs report

California's unemployment rate held steady in December at 9.8 percent, third-highest in the nation after Nevada and Rhode Island, and the separate payroll survey showed a loss of 17,500 jobs. (Here's the EDD report.) The full year was actually quite good for the state, with an increase of 225,900 jobs in 2012, up 1.6 percent from a year earlier. Construction, financial, educational and health services, and leisure and hospitality were among the sectors that advanced. But the overall job picture has cooled during the last couple of months - not great timing for a state that has been getting good press of late for its turnaround. It's doubtful that California's economy has taken some fundamental nosedive (the national picture remains good but not great). But fragile recoveries like this one often experience hiccups and inconsistency. There's also quite a difference between the survey that measures payroll jobs and the one that determines the unemployment rate. In L.A. County, the December unemployment rate was unchanged at 10.2 percent, with 9,600 jobs added to the rolls from the previous month.

More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent Economy stories:
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Exit interview with Port of L.A.'s executive director
L.A. developers relying on foreign investors bend a few rules
Holiday shopping: On your marks, get set... spend!

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner

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
LA Observed on Twitter and Facebook