State unemployment rate drops to lowest point since March, county at 5.4%
–California’s unemployment rate dropped 0.8 percent to 8.2 percent in November as the state’s employers added 57,100 jobs, according to data released today by the California Employment Development Department from two surveys.
This comes after October’s upward-revised gain of 145,600 jobs (+100 jobs). California has now regained approximately 46 percent of the 2,615,800 nonfarm jobs that were lost due to the COVID-19 pandemic in March and April.
San Luis Obispo County employment data
- Labor force – 131,800
- Employment – 124,600
- Unemployed – 7,100
- Unemployment rate – 5.4%
California’s labor market, by the numbers…
- At 8.2 percent in November, California’s unemployment rate is at the lowest level it has been since 5.5 percent in March 2020. November also marks the sixth straight month the unemployment rate fell below the all-time unemployment rate high of 16.4 percent set in April and May of this year.
- Nine of California’s 11 industry sectors gained jobs last month. For the third consecutive month, Leisure & Hospitality posted the largest job sector gain with an increase of 27,800 jobs, thanks in part to the resilience shown throughout the fall season by the Arts, Entertainment, and Recreation subsector.
- Trade, Transportation & Utilities posted an increase of 19,700 jobs and was boosted by sizeable gains in the Transportation, Warehousing, and Utilities subsector.
- For the third straight month, Government posted the largest industry job loss with a decline of 10,200 in November due to sizeable losses in Federal Government employment.
Source: California Employment Development Department
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