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Unemployment Stays at 10%
Unchanged from November, last month's unemployment numbers kept at 10 percent as the nation lost 85,000 jobs. Also, underemployment grew from 17.2 to 17.3 percent. "To put this number in perspective, employment declined 139,000 in September and 127,000 in October," explained Christina Romer, the White House Chair of the Council of Economic Advisors. "So, in a broad sense the trend toward moderating job loss is continuing. This trend is particularly obvious in the quarterly pattern: average monthly job loss was 691,000 in the first quarter of 2009, 428,000 in the second quarter, 199,000 in the third quarter, and 69,000 in the fourth quarter."
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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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