California’s unemployment rate was 10.1 percent in January, and nonfarm payroll jobs declined by 79,300 during the month, according to data released today by the California Employment Development Department (EDD) from two separate surveys.Almost 35% of the jobs lost were in IT alone:
EDD's report on payroll employment (wage and salary jobs) in the nonfarm industries of California totaled 14,648,100 in January, a net loss of 79,300 jobs since the January survey. This followed a loss of 84,400 jobs (as revised) in December.Looks like at least one of my 2009 guesses was right... Region-specific data for Sacramento will be released next week. Not a pretty picture.
Four categories (natural resources and mining; educational and health services; leisure and hospitality; and government) added jobs over the month, gaining 7,400 jobs. Educational and health services posted the largest gain over the month, up by 3,900 jobs.
Seven categories (construction; manufacturing; trade, transportation and utilities; information; financial activities; professional and business services; and other services) reported job declines this month, down 86,700 jobs. Information posted the largest decline over the month, down by 27,700 jobs.