El Dorado, California see slight increase in unemployment
EL DORADO COUNTY — A three-month streak seeing a decline in the county’s unemployment rate ended in October with a mild hike, according to California Department of Employment Development figures.
Unemployment rose by 0.1 percent in October from 6.2 percent to 6.3 percent.
The rate had been in decline since July when it was at 7.2 percent. It dropped to 6.5 percent in August and then to 6.2 percent in September.
September’s unemployment rate also represented the lowest rate since April 2008.
Excluding September’s rate, October still reflects the lowest unemployment numbers since that April.
According to the figures, the labor force increased by 700 in the last month and the number of unemployed rose by 100.
The data suggests the county had an 89,900-strong labor force in October, of which roughly 5,700 people were unemployed.
The year’s average rate is also shaping to represent a significant drop compared to last year. So far, this year is reflecting a 7.2 percent rate compared to last year’s 8.5 average rate.
The county began the year with an unemployment rate nearly 2 percent higher than in October, at 8.2 percent. That rate then slightly rose to 8.3 percent in February and March.
The state, too, saw a slight rise in unemployment, also breaking a three-month streak.
The numbers reflected a 7 percent rate, up 0.1 percent from September’s 6.9 percent rate.
September’s rate represented the state’s lowest unemployment rate since June 2008.
So far, the state is averaging a 7.7 unemployment rate for the year, more than 1 percent lower than 2013’s 8.9 percent average. October’s preliminary rate is also 1.5 percent lower than January’s, when it was at 8.5 percent.
Currently, the figures suggest, there are roughly 1.31 million unemployed of the 18.84 million-strong labor force. The labor force rose by approximately 81,600 and the number of unemployed increased by about 10,900 during the last month.
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