Unemployment rates held steady in California and Los Angeles County last month but the Inland Empire saw a decline, the state Employment Development Department reported Friday.
California’s jobless rate remained stuck at 9.8 percent in December – level with the previous month’s reading but well below the year-ago rate of 11.2 percent.
The state shed 17,500 jobs over the month but it has added 556,500 since the economic recovery began in February 2010.
Robert Kleinhenz, chief economist with the Los Angeles County Economic Development Corp., said people shouldn’t place too much emphasis on one monthly drop in employment.
Things are looking increasingly better, he said, when viewed from a bigger perspective.View Article