Unemployment Falls in February but Still High

Unemployment Falls in February but Still High February's unemployment rates were released last week by the California Employment Development Department (EDD). Los Angeles County's seasonally adjusted unemployment rate fell to 5.3%, down from both 5.7% in January and from 5.4% in December, yet up from 4.7% a year earlier. February marked the ninth consecutive month the County's unemployment rate increased over the previous year; however, it continued at or below than the state's unemployment rate for the twenty-fourth consecutive month. full article