The Morning Report
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The county’s unemployment rate remained at 4.8 percent in August, the same as July’s rate, but up from the August 2006 rate of 4.1 percent, the state Employment Development Department reported today.
Year-over-year, the county’s job total grew by a slight 0.7 percent, or 9,200 jobs. Keeping the growth to such a small level were losses of 5,200 jobs in the construction sector, 1,200 jobs in manufacturing and 1,900 jobs in financial activities (the sector that includes mortgage and real estate professionals) between August 2006 and August 2007.
(Check out our recent story on job loss and turnover in the real estate related industries.)
Between July and August, government payrolls contracted by 1,700 jobs, due primarily to “cutbacks in state and local education during the summer recess,” according to an EDD release.
The sector with the largest gain, for the eighth consecutive month, was leisure and hospitality. The sector gained 7,100 jobs year-over-year, adding 2,400 jobs between July and August alone.