Improving jobs picture for state, L.A.

California's jobless rate for October was 11.7 percent, down from 11.9 percent the previous month and 12.5 percent in October 2010. A total of 25,700 jobs were added in October statewide, and September's number was revised to 39,200, nearly three times as much as initially reported. L.A. County's unemployment rate fell to 12.2 percent from 12.4 percent in October. Payroll jobs were added in many industries, including construction (2,000 jobs). All in all, this is perhaps the strongest jobs report we've seen in months and affirms what a number of economists have been saying: That the employment picture in California is slowly improving.


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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
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