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July Records Orange County’s Highest Unemployment Rate In Thirteen Years
After heavy decline of jobs in June, Orange County again lost a significant number of jobs in the month of July. The Employment Development Department reported that, the county lost 29,900 jobs, a decline of 2 percent as compared to same period a year ago.
Reportedly, Orange County started losing jobs last year. And July posted the highest loss since late last year. Of late, it marks the county’s first time job loss in a yearly and monthly basis.
It has been said that the monthly decline in jobs was due to the summer break for schools. In June, the unemployment in Orange County declined to more than 25,000 jobs, from last year. Financial, construction, manufacturing, government, healthcare, education and professional services continued to decline in jobs as in the month of June.
The County’s unemployment rate was 5.7 percent in July, 5.3 percent and 4.3 percent up from June and a year earlier respectively. July’s unemployment rate is the highest in last thirteen years.
September 9th, 2008 at 6:32 am
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