Pasadena posted an 8.2 percent unemployment rate according to the latest available preliminary data, higher by about three percent compared to the national average but significantly lower than Los Angeles County’s unemployment rate.
City Treasurer Vic Erganian presented the local unemployment statistics as part of the quarterly investment report that he presented last Monday at the meeting of the City Council’s Finance Committee. Erganian’s presentation showed 6,400 were unemployed in July in Pasadena, out of a labor force of 78,100.
In Los Angeles County, the seasonally adjusted unemployment rate decreased over the month to 10.1 percent in July and was well below the rate of 17.2 percent a year ago.
California posted an unemployment rate that’s still higher that the national average – 7.5 percent in August 2021 compared to 5.2 percent nationwide – but it showed a big improvement, dropping by 8.5 percent from the pandemic peak of 16 percent in April 2020, according to a report released last week by the state’s Employment Development Department (EDD).
At the Finance Committee meeting last Monday, one of the reasons given for the higher rate of unemployment in California is the high number of jobs in the state associated with restaurants and hotels, which have been hard hit by the COVID pandemic.
In the state, the number of jobs in the Leisure and Hospitality industry category has traditionally ranked second only to the Government category. Between July and August, the number of people employed in Leisure and Hospitality increased by over 33,100.
Total non-farm jobs in California’s 11 major industries totaled 16,632,100 in August – a net gain of 104,300 jobs since July, the report showed.
Pasadena’s unemployment rate was at a COVID-19 peak of 16.8 percent in May 2020 and has since been steadily declining. In June, it was at 8.7 percent.