Rossmoor jobless rate lower than OC, state and nation

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Rossmoor had a lower unemployment rate in November than Seal Beach or Los Alamitos—and did better than the county, the state and nation.

Seal Beach had an unemployment rate of 3.1 percent in November 2018, according to data recently released by the California Department of Employment Development’s Labor Market Information Division. (The December 2018 data won’t be available until later this month.) The November rate was onetenthofonepercent less than the October rate, which was one-tenth-of-one percent increase from September.

Rossmoor’s November jobless rate was 2.1 percent, which was unchanged from Rosmoor’s jobless rate in October and September.

Los Alamitos’ November jobless rate was 3.2 percent, which was 3.3 percent in October and 3.2 percent in September.

According to the Federal Reserve website, a “normal” unemployment rate is between 4 and 5 percent.

“The unemployment rate in the Orange County was 2.8 percent in November 2018, down from a revised 2.9 percent in October 2018, and below the year ago estimate of 3.1 percent,” according to the Employment Development Department statement.

“This compares with an unadjusted unemployment rate of 3.9 percent for California and 3.5 percent for the nation during the same period,” according to the Employment Development Department.

“Between October 2018 and November 2018, total nonfarm wage and salary employment rose from 1,643,800 to 1,652,600, an increase of 8,800 jobs,” according to the Employment Development Department. “Trade, transportation and utilities reported the largest increase, adding 6,300 jobs with seasonal gains in retail trade accounting for the majority of the increase (up 6,100 jobs). Transportation, warehousing and utilities gained 500 jobs and wholesale trade declined by 300 jobs,” according to the Employment Development Department.

The state agency reported that statewide, the leisure and hospitality sector increased by 500 jobs. In October, leisure and hospitality lost 900 jobs in October.

“The largest employment decline of 1,800 jobs was in construction with 89 percent of the loss in specialty trade contractors (down 1,600 jobs),” in November, according to the Employment Development Department.

In October, construction in California lost 600 jobs.

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