California Unemployment Rate Dips To 11.7 Percent

SACRAMENTO (CBS/AP) – California’s unemployment rate fell slightly in October, to 11.7 percent, from 11.9 percent a month earlier.

The state’s Employment Development Department said Friday that the state added 25,700 jobs in October.

California’s unemployment rate has been above 11 percent since June 2009, and it’s the second highest in the nation, behind Nevada.

Still, October’s numbers are an improvement from a year ago, when California’s unemployment rate was 12.5 percent.

The national unemployment rate also dropped slightly to 9 percent in October.

The department says construction, education and health services and leisure and hospitality were among the areas that added jobs in October.

(Copyright 2011 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

  • Milan Moravec

    As businesses, universities, states, counties, cities stumble through the recession some find themselves in a phase of creative disassembly. Hundreds of thousands of jobs are shed. World class University of California Berkeley Chancellor Birgeneau ($500,000 salary) and his $7 million outside consultants are firing employees via Birgeneau’s “Operational Excellence (OE)”: 2,000 axed by end 2011. Yet many cling to an old assumption: the implied, unwritten management-employee contract.

    Management promised work, upward progress for employees fitting in, employees accepted lower wages, performing in prescribed ways, sticking around. Longevity was good employer-employee relations; turnover a dysfunction. None of these assumptions apply in the 21 century economy. Businesses, universities, public institutions can no longer guarantee careers, even if they want to. Managements paralyzed themselves with a strategy of “success brings successes” rather than “successes brings failure’ and are now forced to break implied contract with employees – a contract nurtured by management that future can be controlled.

    Jettisoned employees are discovering that hard won knowledge earned while loyal is no longer desired in employment markets. What contract can employers, employees make with each other?

    The central idea is simple, powerful: job is a shared partnership.
    • Employers, employees face financial conditions together; longevity of partnership depends on how well customers, constituencies needs are met.
    • Neither management nor employee has future obligation to the other.
    • Organizations train people.
    • Employees create security they really need – skills, knowledge that creates employability in 21st century economies
    • The management-employee loyalty partnership can be dissolved without either party considering the other a traitor.

    Sustained employability in the 21st century economy is security. Employability: are you employable in the job market?

blog comments powered by Disqus
Shine A Light On The Holiday Season With ‘Giving Tuesday’
Food For Families Drive

Listen Live