UNEMPLOYMENT RATE STILL 'GLOOMY'.Byline: Evan Pondel Staff Writer California's unemployment rate remained unchanged in June at 6.7 percent when compared with a revised 6.7 percent rate in May - not surprising to economists who say the job market is far from showing signs of improvement. State officials reported Friday that payroll employment grew by 5,100 jobs in June, while a record 16,453,000 Californians held jobs during the month - an increase of 58,000 from May. The number of people without a job in June was 1,178,000, a decline of 6,000 versus the previous month, the Employment Development Department said. 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. jobless job·less adj. 1. Having no job. 2. Of or relating to those who have no jobs. n. (used with a pl. verb) Unemployed people considered as a group. Used with the. rate was 6.8 percent last month, one-tenth of a percentage point higher than the unemployment rate in May. California jobless rates have vacillated between 6 percent and 6.9 percent since October 2001. ``It's gloomy news all around,'' said Jack Kyser, chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the for the Los Angeles County Economic Development Corp. ``We have our own special situation here in California while the rest of the nation faces a recession. The governor faces a potential recall, there's a budget deficit and a workers' comp crisis.'' Spanning the 12 months ended June 2003, California lost 51,300 jobs, less than half a percent. Of the industries that posted job declines, manufacturing, trade, transportation and utilities, information and professional, and business services led the decline, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the state. Rafael Corleto, 52, has been looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a warehouse receiving job for about a year and a half. He said what the unemployment data doesn't suggest is the worry many jobless workers like himself are experiencing. ``It's been very hard for me. My specialty is working in warehouses and one would think that it would be an easy to find such a job,'' said the Van Nuys resident. But several sectors did post employment gains in June. Financial activities, leisure and hospitality, educational and health services health services Managed care The benefits covered under a health contract all saw employment growth. Educational and health services had the greatest increase: 30,700 jobs, the Employment Development Department reported. Kyser said the apparel and aerospace industries are also poised to percolate percolate /per·co·late/ (per´kah-lat) 1. to strain; to submit to percolation. 2. to trickle slowly through a substance. 3. a liquid that has been submitted to percolation. . ``So we do have some sectors that are starting to show strength ... the only problem is the workers' comp issue is driving more employees into the informal economy (where people work without a formal payroll or taxes),'' Kyser said. Evan Pondel, (818) 713-3662 evan.pondel(at)dailynews.com |
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