Big jump in jobless claims

January's employment report for L.A. County and California won’t be released until tomorrow, but the Bureau of Labor Statistics provided a not-so-encouraging hint of what might be in store. Last month 54,153 Californians filed initial unemployment-benefit claims because they were let go as part of a mass layoff, a 25 percent jump from December. From Tom Petruno at Money & Co.:

Among the 50 states, California had by far the largest number of mass-layoff cuts in January, but that isn’t surprising given the state’s No. 1 rank in population. New York ranked second in mass-layoff claims, at 31,893. Next were Pennsylvania (29,656), Ohio (27,971) and Michigan (26,453). The number of California companies announcing mass layoffs totaled 651 last month, up 19% from 546 in December. The national total for January was 3,806 companies, up 13%.

One bit of hopeful news: Mass-layoff benefit claims in California were up 40 percent from a year earlier, which is substantially lower than the nationwide increase of 152 percent. Of course all these numbers are off the charts.



More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
LA Observed on Twitter and Facebook