Economy Newsroom – Local, State, National, Global
Unemployment fell to 7.5% in April, but there is much more to the labor puzzle
Private payrolls added 165,000 hires in April and the unemployment rate fell to 7.5% from 7.6% in April. The news was received as generally positive. Stocks shot up. The S&P 500 rose above 1,600 and the Dow set another record high, breaking 15,000 for the first time…. READ MORE.
SLO County Economy
SLO County’s unemployment rate drops to 6.8% in March
The unemployment rate in the San Luis Obispo and Paso Robles metropolitan area remains at 7.3 percent, unchanged from the previous month, and down from the 2012 peak of 8.9 percent in March.The national unemployment rate for December 2012 was 7.8 percent and the California state level was unchanged at 9.8 percent.