Wednesday, January 25, 2012

California EDD December Labor Market Info Newsletter

In This Issue:

Labor Force and Industry Employment Data for December 2011

"California's seasonally adjusted unemployment rate was 11.1 percent in December, down 0.2 percentage point from the rate in November, and down 1.4 percentage point from 1 year ago. In comparison, the U.S. unemployment rate was 8.5 percent in December, down 0.2 percentage point from November, and down 0.9 percentage point from 1 year ago. 

"In California there were 14,199,000 jobs in total nonfarm industries in December, an increase of 10,700 jobs from last month. This followed a revised 24,700-job gain in November and 37,700 job increase in October."

"About 30 percent of California’s population 25 years old or older in 2010 had a bachelor’s degree or higher.
  • Four out of five such Californians had at least a high school diploma or equivalent in 2010.
  • Nearly 11 percent of Californians 25 years old or older had less than a ninth grade education.
"Education Pays in California: 2010

EDUCATIONAL LEVELMEDIAN EARNINGS IN THE PAST 12 MONTHS
Less Than High School Graduate$17,937
High School Graduate, Equivalency$27,122
Some College or Associate's Degree$35,735
Bachelor's Degree$52,248
Graduate or Professional Degree$74,423

Women's Participation in the Labor Force

"The labor force participation rate for women with children less than 18 years of age is 71.3 percent.

The Occupational Information Network (O*NET)System

"The Occupational Information Network (O*NET) system provides job seekers and human resource professionals with information for exploring occupations. In December 2011, the O*NET Resource Center announced it had updated its Tools and Technology database at http://www.onetcenter.org/whatsnew.html. This feature links machines, equipment, tools, software systems, and information technology to the O*NET occupations that may use them. Users can find occupations utilizing a keyword search for a specific tool or technology on the O*NET OnLine website at http://www.onetonline.org/search/.

"Nationally there were about three unemployed individuals for every job advertisement compared to about five unemployed individuals for every job advertisement in California. The supply and demand rates varied between the regions with most having a higher supply and demand rate than the nation. However, the Bay Area supply and demand rate was lower than the nation indicating improving labor market conditions."

No comments:

Post a Comment