Monday, June 18, 2007

Unemployment Remains Static in OC in May 2007

Some good news for the local and state economies.

The OC Business Journal reports that unemployment in OC stayed at 3.5% in May, the same rate as recorded in April 2007. This still constitutes a year on year increase in unemployment for Orange County, California of 0.3% from May 2006.

California state-wide unemployment fell from 5% to 4.9% in May 2007.

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