Business & Tech
LA County's Unemployment Rate Remains Steady, Data Show
LA County's unemployment rate held steady at 4.9% in July, the same as the previous month, the state Employment Development Dept. says.
LOS ANGELES COUNTY -- L.A. County's seasonally adjusted unemployment rate held steady at 4.9% in July, the same as the previous month, according to figures released Aug. 18 by the state Employment Development Department.
The 4.9% rate was above the 4.3% rate from July 2022.
Statewide, the seasonally adjusted unemployment rate was 4.6% in July, 4.6% in June and 3.8% in July 2022. The comparable figures for the nation were 3.5% in July, 3.6% in June and 3.5% a year ago.
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Total nonfarm employment in Los Angeles County decreased by 25,800 positions between June and July to reach more than 4.6 million.
The government sector showed the biggest decline thanks to the ``end- of-the-school-year pattern,'' shedding 35,900 jobs, according to the EDD.
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-- City News Service
