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O.C. Jobless Rate Holds Steady at 5%, the Lowest in the Region

Dec. 20, 2014

Orange County employers added a modest number of jobs in November, according to preliminary figures, while California payrolls showed a sharp increase, reflecting a national surge.

The county’s jobless rate held steady at 5 percent, the lowest in Southern California, according to state officials.

California’s unemployment rate, affected by sluggish growth in the Central Valley and rural counties, ticked down a 10th of a percentage point to 7.2 percent. The U.S. rate stood at 5.8 percent.

“Orange County’s economy is in healthy shape and well balanced,” said Cal State Fullerton economist Anil Puri. “The three principal legs on the stool are improving: high tech, leisure and construction.”

Puri and other economists said they expect Orange County’s preliminary payroll growth number of 9,000 jobs for November to be revised upward when statisticians do their annual benchmarking early next year, based on additional information. Continue reading.

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