Los Angeles County and the Inland Empire also posted job growth last month and both regions saw their unemployment rates drop.
On Friday, the EDD said payrolls grew sharply in February. The job gains were particularly welcome in light of the 31,600 jobs California shed in January, although experts have tied most of those losses Air Max 95 White Reflective to holiday retail hires who were no longer needed.
The unemployment rate in the Riverside San Bernardino Ontario area was 9.4 percent in February, down from a revised 9.5 percent in January, and below the year ago estimate of 10.8 percent. The unemployment rate was 9.5 percent in Riverside County, and 9.3 percent in San Bernardino County, the EDD report stated.
California regains all its lost jobs in recession
The Inland Empire added 4,900 jobs in February. That region biggest gains also came in educational and health services with the addition of 3,400 jobs, and professional and business services which added 2,200 jobs.
On the flip side, Wal Mart Stores Inc. is planning to open 270 to 300 smaller Walmart Neighborhood Markets and Walmart Express stores this fiscal year, as well as 115 new supercenters. The mega retailer has yet to reveal locations for the new stores, but company spokeswoman Rachel Wall said the focus will be on core markets, both rural and suburban, where Walmart already has a firm foothold.
true in the Inland Empire as well, Levine said. you look at the labor market, it seen broad based growth last year. Most sectors have been adding jobs and that what is ultimately contributing to reductions in the unemployment rate. Angeles County added 27,700 nonfarm jobs and the county jobless rate dipped to 8.7 percent compared with 8.9 percent in January and 10.2 percent a year earlier. County biggest employment gain for February came from educational and health services, which added 10,300 jobs. Professional and business services added another 7,500 jobs and government jobs were up by 4,900.
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Figures released Friday from the Bureau of Labor Statistics showed that unemployment rates were Air Max Shoes Pink
of less than 5 percent.
private sector is right back to where it was, said Irena Asmundson, chief economist at the state Department of Finance,
Southern California will soon shoulder more losses from national retailers.
new jobs in California continued to rise in February, to the point that the state private sector has now regained all of the jobs it lost during the recession.
lower in January than a year before in 367 of the nation 372 metropolitan areas. Thirty areas had jobless rates of at least 10 percent and 41 areas had unemployment rates Nike Air Max 95 White Junior
pace of growth of the labor market has grown faster in California than the nation, said Robert Kleinhenz, chief economist with the Los Angeles County Economic Development Department. a good thing to recognize. Our gross state product also advanced over the past year at a faster rate than the nation and we expect the same thing to happen this year.
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Retail trade shed 1,600 jobs and transportation, warehousing and utilities also posted losses. Wholesale trade offset those losses with 600 jobs, however.
Neither retailer has announced which locations they will be closing, but both operate a significant network of stores throughout Southern California.
Overall, February statewide unemployment rate was at 8 percent, down from 8.1 percent in January and 9.4 percent a year ago.
The county biggest year over year gain came in professional and business services, which added 27,000 jobs. The biggest yearly loss occurred in manufacturing, which shed 8,800 jobs.
still way too high, said Inland Empire economist John Husing. one of the highest in the United States. We need more job growth in order to get it down, and it the reason why social assistance is one of our fastest growing sectors.
Staples announced earlier this month that it will be closing up to 225 stores in North America in the face of declining sales. The closures are expected to be completed by 2015. Radio Shack also announced this month that it plans to shutter as many as 1,100 stores after reporting a wider than expected quarterly loss and a huge drop in sales during the holidays.
Trade, transportation and utilities saw payroll cutbacks totalling 4,400 jobs.
Additional job gains were seen in leisure and hospitality (3,300), information (2,200), financial services (1,900), manufacturing (600) and construction (100), among others.
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