BRIEFCASE JOBLESS RATE DIPS DOWN FROM 2003.Byline: - Staff and Wire Services Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County's seasonally adjusted Seasonally adjusted Mathematically adjusted by moderating a macroeconomic indicator (e.g., oil prices/imports) so that relative comparisons can be drawn from month to month all year. unemployment rate fell to 6.5 percent in May from 7.1 percent the same month a year ago and was unchanged from April, the state said Monday. Civilian employment grew by 7,000 - to 4.5 percent last month, said the Employment Development Department. Statewide, the seasonally adjusted jobless rate was 6.2 percent in May, down from 6.8 percent a year ago and unchanged from the previous month. The estimated national unemployment rate was 5.6 percent last month, as in April, and 6.1 percent a year ago. Between May 2003 and May 2004, total nonfarm employment in Los Angeles County gained 10,900 jobs - a 0.3 percent increase. The largest nonfarm increase was in the leisure and hospitality sector, gaining 15,800 jobs. Most of those jobs - 11,200 of them - involved the food or accommodations industries. Kmart giving way to Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box ? THOUSAND OAKS Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. - Kmart will likely shutter its Hampshire Road store in coming months to make way for a Home Depot, the city confirmed Monday. The chain has not yet announced which of its 24 stores it intends to sell to the home-improvement retailer, but Thousand Oaks economic development manager Gary Wartik said his office was in talks with both parties. Separately, an employee at the Kmart at 3150 San Fernando Road San Fernando Road is a major street in the city and county of Los Angeles. It starts off in Castaic as The Old Road, passing through Santa Clarita and the Newhall Pass, where upon its intersection with Sierra Highway near the junction of the Golden State (I-5) and the near Glendale said it has also been scheduled to convert to a Home Depot. The discount store will close in three or four months. Boeing will build sea-patrol plane PALMDALE - Boeing will develop a new ocean-patrol aircraft out of its 737 airliner, Pentagon officials announced Monday, edging out a Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. proposal that had included work in Palmdale. Boeing's multimission maritime aircraft contract is potentially worth $15 billion over a 10-year production run and could employ some 1,600 people in Seattle, Maryland and St. Louis, Boeing said. Lockheed Martin Aeronautics Co. had proposed an updated version of its 1950s-era P-3 aircraft it called the Orion21. Had Lockheed Martin won the competition, it had planned to assemble the first planes in Palmdale. Mimi's Cafe chain to be purchased COLUMBUS, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. - Bob Evans Farms Inc. is buying the 81-store Mimi's Cafe for $103 million in cash, giving the Bob Evans restaurant and sausage company its first presence in California, the company said Monday. |
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