View Mobile Site
 

Ask the Expert

Signal Photos

 

UPDATE: Santa Clarita’s unemployment rate remains low

Posted: April 18, 2014 1:53 p.m.
Updated: April 18, 2014 5:48 p.m.

 

Santa Clarita’s jobless rate settled back down to 5.3 percent in March — mirroring the December rate when retailers hired extra help for the holidays.

In numbers released by the state’s Employment Development Department, the March unemployment rate for California held steady at 8.1 percent – down from 9.2 percent a year ago. Los Angeles County sits at 8.7 percent.

Nationally, the jobless rate was 6.7 percent in March, according to the Bureau of Labor Statistics.

Santa Clarita has the fourth largest labor force in Los Angeles County, including the city of Los Angeles, but had the lowest jobless rate in March.

“The drop from 6.1 percent from last March to 5.3 percent this March (2014) shows Santa Clarita is on the right track and will continue to improve,” said Jason Crawford, economic development manager for the city.

The city’s unemployment rate in February was 5.4 percent.

Statewide, the information sector posted the highest number of new jobs in March, adding 7,000. Construction was also up; manufacturing posted a loss of jobs for the month.

As for year-over-year gains, professional and business services reported the largest number of new jobs in the state, and construction posted the largest gains on a percentage basis — up 5.9 percent.

In looking at cities with similar size labor forces or economic activity makeup, Santa Clarita’s jobless rate is much lower when compared to Glendale at 7.6 percent, Burbank at 7.1 percent or Pasadena at 6.6 percent.

Neighboring cities to the north Lancaster and Palmdale have unemployment rates of 12.4 percent and 10.9 percent, respectively.

Just last month, Santa Clarita City Manager Ken Striplin said confidence is picking up in the business community and the city is seeing encouraging economic indicators such an increases in permits issued.

jana@signalscv.com
661-287-5599

 

Comments

Commenting not available.
Commenting is not available.

 
 

Powered By
Morris Technology
Please wait ...