Listen Live on  
 

NewsRadio KFBK

Sacramento's News, Weather and Traffic Station
 
 

Unemployment Remains at 7.4 Percent in California

 
Unemployment Remains at 7.4 Percent in California
Posted August 15th, 2014 @ 11:56am by KFBK News

The state's unemployment rate held steady at 7.4 percent last month. Sacramento hit the same mark.

But to get there, we saw a half a percentage point uptick in the jobless rate, losing 11,000 positions across the four-county area.

The cause? An expected one.

"Most of these losses were concentrated in local and state government education, which is normal to see this time of year as schools trim down during the summer break," said George Marley, with the Employment Development Department. 

Marley says if you were to discount the industry, we'd actually see a net gain.

Statewide, 27,000 jobs were added to keep the jobless rate right where it was.

Analysts do point out that the numbers are still well ahead of the nine percent seen last July.

The largest decrease came in the construction sector.

Recommended Stories

More from NewsRadio KFBK

*