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Unemployment rate falls slightly in Stanislaus County

in News

The unemployment rate in Stanislaus County dropped during the month of July and continues to be below the year-ago estimate, according to the latest numbers from the Employment Development Department.

The unemployment rate in Stanislaus County in July was at 8.5 percent, down from a revised rate of 8.9 percent in June 2021. It also was below the year-ago estimate of 12.9 percent.

Several sectors posted job gains for the month, with Manufacturing reporting the largest gain. The sector added an estimated 1,800 jobs for the month, with the majority of those coming in food production. Food manufacturing is up by 10.2 percent from the previous year, according to the EDD data.

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California keeps adding low-wage jobs. Can it find a way to save its middle class?

in Economy

California is becoming less equal every day.

The state’s 100 richest residents had $815.5 billion in net worth as of September 2020, up 18% from 2019, according to Forbes.

Yet Rey Justo and his family of six in Sacramento were living between a Honda Pilot and his in-law’s living room.

The top 1% of Californians earned at least $659,000 in 2020.

But Omar Yacoubi was putting in a 12-hour workday driving for Uber in the Bay Area last year after he found himself without a stable gig as a software designer.

“Income inequality has risen sharply in California over the past two decades, increasing faster in the state than in the nation as a whole.” A researcher at the Public Policy Institute of California, Deborah Reed, said that more than two decades ago, in 1999.

In the intervening years, California spent billions to fight poverty. A tech boom led Californians to gain billions in wealth.

Continue Reading on The Modesto Bee.

Unemployment rate steady in county

in Local Roundup

The unemployment rate in Stanislaus County increased by the slightest margin in July according to the latest report from the Employment Development Department.

Stanislaus County had an unemployment rate of 6.6 percent in July, up from a revised rate of 6.5 percent in June, the EDD reported. The July rate was below the year-ago estimate of 6.9 percent.

Five sectors in the county had neither job gains or losses, including the Farming sector. Four sectors posted job gains in July, with Manufacturing leading with an estimated 1,800 new jobs. Of those, 18.9 percent were in food processing, which typically sees gains as the harvest comes in and declines once the harvest is over.

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