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How low can unemployment go? Orange County records its lowest unemployment rate this century

• In April and May of this year, Orange County recorded back-to-back unemployment rates of 2.6 percent, its lowest since the turn of the century.

• During the last 12 months, Orange County added 17,300 jobs representing 1.1 percent job growth. This was led by educational and health services which gained 9,000 jobs.

• While job growth has slowed down a bit compared to recent years, this trend is common in most job markets as more people of the labor pool have found work. Jobs are being created despite the tight labor market, indicating companies are in expansion mode.

• Since the Great Recession ended, Orange County’s economy has become more diversified, particularly in healthcare, technology, and professional services which has significantly contributed to the expanded workforce.


Source: JLL Research, California EDD




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