California (CA) Unemployment Rate Remains Above National Average

The California Unemployment Rate is still dangerously high, at 12.5% in Feburary of 2010. California is one of six states and Puerto Rico to have unemployment above 12 percent.

Meanwhile, three plains states lead the nation: North Dakota’s unemployment is 4.1 percent; Nebraska and South Dakota both at 4.8 percent.

The national unemployment rate held steady at 9.7 percent for March, according to figures released today by the Bureau of Labor Statistics (BLS).

The BLS reported that nonfarm payroll increased by 162,000 partly due to rises in temporary service jobs and health care. The federal government also added employment due to hiring for more census workers.

California Unemployment

California’s unemployment rate is 12.5 percent according to the latest figures from the BLS. In January of 2008, the state’s unemployment rate stood at 5.8 percent.

In Los Angeles County, about 600,000 people are unemployed.

Industry Unemployment

  • Construction industry unemployment is 24.6 percent
  • Transportation industry unemployment 15.6 percent
  • Service occupations unemployment is 10.3 percent
  • Management and related professional unemployment is 4.7 percent

While jobless figures may seem dismal, sales trainer Douglas Volker told small business owners earlier in the week to change the mindset from one of “woe is me” and look at the overall revenue in their particular industry. In summary, manage cash flow with a positive mental attitude and look at the big picture in a given industry.

Small businesses typically have only a fractional percentages of the overall business in their category meaning they can have room to expand.

His remarks came to a gathering of small business owners at the Los Angeles Chamber of Commerce.

Source: http://www.examiner.com/x-20615-LA-Business-News-Examiner~y2010m4d2-Californias-unemployment-rate-remains-well-above-national-average

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