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Unemployment Slightly Decreases
How about this for a change? Numbers are surprising analysts who thought unemployment would still be stepping up--instead, November saw a minor change from 10.2% in October to 10% in November. "... employers shed a net 11,000 jobs last month, a statistically insignificant change and the best showing since December 2007," said the LA Times. "By contrast, the U.S. economy started this year with a loss of 741,000 jobs in January, but the pace of job declines has been moderating steadily."
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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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