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Orange County has been classified by the U.S. Department of Labor as <br />an area of substantial unemployment. The unemployed total rose sharply <br />over the year from 37, 200 in June 1973 to 45, 000 in June 1974 to 52, 600 in <br />December 1974, and was just belbwthe peak of 52,800 recorded in 1971 at <br />the height of the aerospace layoffs. The seasonally adjusted unemployment <br />rate reached a three-year low of 5.1 percent in June 1973, and then rose <br />almost without interruption to 6. 1 percent in May 1974 and 7.4 percent in <br />December 1974. The fiscal year closed with a temporary drop to 5.8 percent <br />in the adjusted rate, but in July 1974, the rate was again at 6.1 percent. The <br />high unemployment rate was caused by the following factors: <br /> <br />1. A construction industry strike which caused secondary <br /> layoffs in related industries; <br /> <br />2. A slow down in the rate of residential construction; <br /> <br />3. The resident labor force is growing at a faster rate than the <br /> number of people being employed. <br /> <br /> The number of Orange County residents with jobs also increased in <br />December primarily because of thc availability of part-time and temporary <br />Christmas jobs. <br /> <br /> The resident labor force in Orange County shrank by 2, 000 in September <br />as full-time students returned to school and agricultural activities declined <br />seasonally. Total employment dropped 1,100 over August to 675, 800 and <br />unemployment fell from 44,700 to 43, 800. Thc decrease in unemployment <br />was considerably less than usual for a September, however, and the <br />seasonally adjusted rate jumped from 6.0 percent in August to a thirty-month <br />high of 6.5 percent. The volume of long-term unemployed who exhausted <br />their claims for unemployment insurance rose rapidly since the first of <br />the year. <br /> <br /> The annual average unemployment rate for women in 1973 was estimated <br />to be 6.9 percent (16, 650 women) of the female labor force, while their male <br />counterparts showed a rate of 5.4 percent (19, 350 men) of the male labor <br />force. * <br /> <br /> The desire to buy a house and/or the inflationary trends has caused many <br />married women to continue their premarital jobs or has caused them to enter <br />the job market.. These increasing trends have resulted in fewer job openings <br />for new job seekers in the former case or more <br />competition for job openings in thc latter case. <br /> <br />State of California, Employment Development <br />Department <br /> <br />00008 <br /> <br /> <br />