2018 December - Santa Barbara County Labor Market Info
Labor Market Report January 2018
Yesterday, the State of California Labor Market Information Division (LMID) released its Monthly Press Release on Unemployment and Industry Sector job growth/decline in Santa Barbara County.
The unemployment rate for January was 4.9%, up from a revised 4.3% in December, and below the year-ago rate of 6.2%. This compares with an unadjusted unemployment rate of 4.6% for California and 4.5% for the nation during January 2018.
UNEMPLOYMENT RATE* Up .6% in December 2017: 4.9%
LABOR FORCE Decreased by 1,900
EMPLOYMENT Decreased by 3,200
UNEMPLOYMENT Increased by 1,300
LARGEST GAIN (Sector)** None of the industries had any gains
LARGEST DECLINE (Sector)** Government: 1,200 jobs
*Note: This Unemployment Rate does not capture the “non-participation” numbers of people who have stopped looking for work. This non-participation rate is not measured for Santa Barbara County—but is for the nation, and in most recent data it adds one percentage point to the unemployment rate. **Indicates change since the December 2017
For more information please go to: http://www.labormarketinfo.ca.gov/file/lfmonth/satb$pds.pdf for the State Report on Santa Barbara County’s unemployment figures.