Valley unemployment rates drop in Aug.

Source: The Business Journal

All four Central Valley counties’ unemployment rates dropped in August, both compared to the previous month and the previous year, according to the Economic Development Department’s monthly release on Friday. Madera County maintains the lowest unemployment rate of the area at 10.4 percent, compared to 11.4 percent in July and 12.6 percent in August 2012. Fresno County has the next lowest unemployment rate at 11.9 percent, a decrease from 12.5 percent in July and 14.2 percent at the same time last year. Kings County trails slightly at 12 percent, an improvement from 12.6 percent in July and 14.3 percent during the same month in 2012. Tulare County has the highest unemployment rate at 13.1 percent, but down slightly from July’s 13.7 percent and significantly from 15.3 percent in August 2012. In addition to the year-over-year unemployment rate improving, the total number of estimated jobs also grew during that time in all four counties. However Fresno and Kings counties total jobs decreased in the month-to-month comparison. From July to August, Fresno County lost an estimated 1,700 total jobs and Kings County lost 600 total jobs. The change in farm jobs over the past 12 months is all over the board, varying by county. Tulare County saw no change in the year-to-year farm jobs and Fresno County lost 2,500 farm jobs during that time. However Madera County gained 600 farm jobs and Kings County increased its total farm jobs by 200.

URL to original article: http://www.thebusinessjournal.com/news/employment/8840-valley-unemployment-rates-drop-in-aug

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