According to Employment Development Department, job losses in Orange County continued in August. The number of layoffs accounted for 26,600 non-farm workers last month, a decline of 1.8 percent compared to a year earlier. The county has a total of 1.48 million non-farm workers.

The 26,600 jobs loss over the last 12 months was however slightly tempered from July. August saw the second highest job loss in this year after July’s 30,000 job loss. Now, the local unemployment edged up to 5.8 percent, up from July’s 5.7 percent and 4.2 percent from a year earlier. The 5.8 percent is the highest jobless rate since August, 1994.

Orange County’s August job losses were mostly led by financial activities, such as credit intermediation and related activities with the loss of 11,700 jobs. Professional and business services declined 6,400 and construction saw 5,900 positions eliminated. The government sector shed 2,000 jobs in August, most in education amid summer recess.

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