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Record job losses hit ?The OC?
By www.EmploymentCrossing.com
Orange County's job losses hit a new high in October as employers shed 35,100 workers, according to the California Employment Development Department.
The Republican-leaning county’s unemployment rate was 6% last month, up from 4.2% a year earlier.
October’s unemployment rate and over 35,000 job losses – a 2.3% decline – are at levels not seen since the early 1990s.
While construction has driven most of the county’s job losses in 2008, financial and professional services led October’s decline as the financial crisis and larger economic downturn spurred layoffs.
The two sectors made up 21,200 of the lost jobs last month.
Construction was the next biggest decliner at 5,500 jobs.
On a monthly basis, educators returning to work after summer led a 2,200 increase in jobs from September to October.
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