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617,000 People Out of Work in LA County in October
New figures released today from the state's Economic Development Department show that the unemployment rate has stayed the same this fall, according to the Daily News. "The seasonally adjusted unemployment rate in Los Angeles County held steady at 12.6 percent between September and October," which is just above the statewide rate of 12.4 percent. Both figures show slight increases over the rates from October 2009. While there was an increase in local jobs by almost 30,000, a "617,000 people were unemployed in October in Los Angeles County, which has a labor force of nearly 4.9 million." In California last month, 2.25 million people were unemployed.
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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