The unemployment rate here has crept up by 0.6% at the start of 2002, according to new research by the State of California Employment Development Department. The level has increased from 3.2% in December 2001 to 3.8% in January 2002, the study says.
However, the county is still ranked as number three in the state, which means only two other regions in California have a lower unemployment rate than Orange County. In addition, the county has a lower level of unemployment than the statewide average. The state's overall unemployment rate has jumped from 5.8% in December 2001 to 6.7% in January 2002. This latest statistic is nearly three percentage points higher than Orange County's unemployment rate for January.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
