Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

News

Unemployment Stays at 10%

unemployment-december-2009.jpg
Stories like these are only possible with your help!
You have the power to keep local news strong for the coming months. Your financial support today keeps our reporters ready to meet the needs of our city. Thank you for investing in your community.

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."