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Orange RPU 2023 Biennial Modification to PY 2021-24 Regional Plan <br /> <br />9 <br /> <br />14 <br /> <br />The unemployment rate is 2.5% as of December 2022, below the pre-pandemic level of <br />2.8% from February 2020. Unemployment rates sharply fell between January 2022 to <br />May 2022. In June, the levels increased and have fluctuated slightly since. <br /> <br />15 <br /> <br /> <br />14 Labor Market Information, EDD, 2023, Local Area Unemployment Statistics Orange County <br />15 Labor Market Information, EDD, 2023, Local Area Unemployment Statistics Orange County <br />EXHIBIT 1