Wednesday, August 10, 2011

ORANGE COUNTY JOBLESS RATE AT 2 YEAR LOW

Sometimes people want good news so badly, that they massage the numbers to get what they want.  This is not the case with this month's job report.  The unemployment rate fairly plunged from 9.1% to 8.6%.  When dealing with such big numbers, this half a point drop surely signifies a lot of jobs.  The national outlook has been equally positive with large orders up for most companies and jobs being offered are of a substantial nature, i.e., not just service industries. Leisure and hospitality added jobs, as did professional and business services.  Manufacturing was fairly flat with a loss of 800 jobs.  Look to see jobs continue to make certain inroads as 2011 continues.

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