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Article: EXECUTIVE SUMMARY
- Article from:
- Orange County Business Journal
- Article date:
- January 26, 2009
- Author:
CopyrightCopyright CBJ, L. P. Jan 26-Feb 1, 2009. Provided by ProQuest LLC. (Hide copyright information)
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Orange County's job losses for 2008 came in at a staggering 41,400 workers, a 2.7% decline, according to the state's Employment Development Department. The county's employment rate ended the year at 6.5% in December, up from 6.2% in November and 4.3% a year earlier. December's job losses versus a year earlier topped November's 38,400 annual decline, which had been the highest in a running string of declines. The yearly job losses and unemployment rate are at levels not seen since the early 1990s recession.
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Irvine chipmaker Microsemi Corp. lowered its outlook for the current quarter after reporting mixed results ...