LA Times: Job losses cut wide swath in California

[marmar]

California's deeply troubled labor market took another hit in August as employers laid off more workers than expected, renewing fears that the state's economic recovery has stalled.

Employers cut 33,500 jobs, marking the third straight month of losses and pushing the state's unemployment rate to 12.4%, up from 12.3% in July, according to data released Friday by the Employment Development Department. California has lost 113,100 jobs since August 2009.

Last month's losses were widespread, hitting almost all sectors, including construction, manufacturing, financial services, leisure and hospitality, trade, transportation and utilities. Government was the biggest loser, shedding 9,200 jobs, most of them temporary census positions.

"The thing that is disconcerting is that we have lost jobs in virtually every industry," said Sung Won Sohn, an economist and UC Channel Islands professor. "At this stage of an economic recovery, we should be doing much better." ..........(more)

The complete piece is at: http://www.latimes.com/business/la-fi-0918-caljobs-20100918,0,1580689.story

[girl gone mad]

1. So much for..

recovery summer.