Jobless rate continues to climb
Despite new articles with headlines proclaiming “Jobless rate falls slightly in Mother Lode in Oct.“, the unemployment rate, in fact, continues to climb.
Jobless rate falls slightly in Mother Lode in Oct.
November 25, 2011 03:24 amUnemployment Continues to Climb
The unemployment rate fell in Tuolumne and Calaveras counties in October compared to last year, according to a recent study completed by the Employment Development Department which tracks local labor statistics.
Tuolumne County saw modest job creation and its unemployment rate fall to 12.5 percent in October, compared to 13.1 percent during the same period last year. However, it was a slight increase from September, when unemployment hit a two-year low of 12.4 percent.
The number of people filing for unemployment benefits fell from 3,320 last year to 3,160 in October, with the number of employed people climbing slightly from 21,980 last year to 22,020 in October.
Most job sectors saw falling or flat employment figures last month, with modest gains in government jobs and hospitality.
I guess if you don’t mind serving the Chinese and Japanese tourists, instead of going on vacation yourself, the increase in hospitality employment is a good thing. However, adding even more government jobs continues to take our nation down the wrong path to increased government spending. It’s a bleak outlook, no matter how the media tries to paint a rosy picture.
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- Weekly jobless claims above 400K (hotair.com)
- NC prepares to announce October unemployment rate (charlotte.news14.com)
- MNI Survey: Japan Oct Jobless Rate Seen Unchanged at 4.1% (forexlive.com)
