Unemployment Statistics: It's That Time of the Month

Categories: Recession Watch
FAM_MIDOL_MAX_STRENGTH_CAPLE-5300.jpg
You're going to need this.
So the California Employment Development Department released its employment statistics for the Month of February today, and, let me tell you, they are thrilling. (It's better when I lie to you, right? Yes.) Let's just dig right in.

Unemployment is totally down for the San Francisco/San Mateo/Redwood City area. By a whole 0.4 percent. It was 9.9 percent in January, and 9.5 in February. I feel a rush of relief, don't you? San Francisco's unemployment rate was suckiest, clocking in at 9.9. San Mateo boasted 9.4 and Marin was sailing easy with 8.4. We can see that smug smile from here, Marin, and don't think we're above paying the bridge toll just to come over there and set your sail boats adrift. We're not. You'll see.

So where are the 0.4 percent that found jobs working? Private and public schools added 3,300 seasonal jobs, leisure and hospitality jobs increased by 700, and professional and business services netted 500 additional jobs (Not that you should open the champagne just yet, because, as the Employment Development Department reminds us, it's a "smaller-than-usual gain." Way to rain on our parade, guys.).

Trade, transportation and utilities lost 1,500 jobs and construction lost 600.

And how do this February's numbers compare to last year's? Employment "contracted" by 43,000 jobs, or 4.3 percent. We like that word "contracted" because it reminds us of cramps, which is kind of what we feel like we're getting when we read these reports. Midol, anyone?

Okay, so who wants to car pool to Marin? I've got the boat-rope cutting shears but I need help with the toll. Hey, it's been tight this year!

You can download the county rankings here, for more of the thrilling narrative.


CA Counties Rankings.xls




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