Labor Market Report
Today, 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 October was 3.8%, down from 4.1% in September, and below the year-ago rate of 4.6%. This compares with an unadjusted unemployment rate of 4.3% for California and 3.9% for the nation during October 2017.
UNEMPLOYMENT RATE*: 3.8% (Down from 4.1% in September 2017)
LABOR FORCE: 219,700
LARGEST GAIN (Sector)**: Government (3,000 jobs)
LARGEST DECLINE (Sector)**: Farm (-700 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 September 2017
To read the full report, please click here