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UPDATE: Santa Clarita’s jobless numbers down 1.3 percent from last June

Posted: July 18, 2014 5:21 p.m.
Updated: July 18, 2014 5:22 p.m.
 

While the June unemployment rate in Santa Clarita crept up to 5 percent from 4.8 percent in May, the year-over-year rate for June fell a full 1.3 percent from last year’s numbers, officials said Friday.

“It’s great news for our community that more businesses are hiring and more residents are finding work,” said Jason Crawford, economic development manager for the city of Santa Clarita.

Summer unemployment numbers traditionally trend upward in Santa Clarita as schools let out and teachers are not working.

Last year the uptick went from 5.9 percent to 6.3 percent, Crawford said. This year it went up from 4.8 percent to 5 percent.

Overall, schools are the largest public or private sector employers in Santa Clarita, according to employer data reported in March by the Santa Clarita Valley Economic Development Corporation.

The improving job picture from June of last year mirrors information culled by the Santa Clarita Valley Economic Development Corporation when it surveyed 75 local businesses of varying sizes, representing 7,900 employees, in May.

Cautiously optimistic local businesses predicted a positive financial future, with the majority reporting increased sales.

“Sixty-six percent of companies surveyed indicated that their sales were increasing, and 29 percent indicated that sales were stable,” said Holly Schroeder, president and CEO of the SCV Economic Development Corporation.

“Only 6 percent indicated sales were decreasing.”

The June unemployment rate for Los Angeles County rose once again to 8.2 percent, up from 8 percent in May, according to data released Friday by the California Employment Development Department.

Statewide, however, California’s jobless rate dropped to 7.4 percent, down from 7.6 percent in May. And according to data released by the U.S. Bureau of Labor Statistics on Friday, the 24,000 jobs added in June meant that the state has now recovered all of the jobs lost during the recession.

On the local front, Santa Clarita continues to fare much better than cities with similar–size labor forces. Pasadena’s jobless rate is 6.2 percent, Burbank sat at 6.6 percent, and Glendale recorded a 7.1 percent rate in June.

The state’s labor department also reported rates crept up in neighboring cities north of the SCV, with data showing the jobless rate in Palmdale coming in at 10.2 percent, and 11.6 percent in Lancaster.

As the fourth largest city in Los Angeles County, including the city of Los Angeles, Santa Clarita has the lowest jobless rate with the gap ranging between 2.1 and 4.2 percent difference.

The city’s jobless rate of 5 percent in June compared favorably to 9.1 percent in Los Angeles, 9 percent in Long Beach and 7.2 percent in Glendale respectively.

“We are fortunate to be recovering more quickly than many other communities,” Crawford said of the city.

jana@signalscv.com
661-287-5599

 

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