Not a lot of excitement in this month's report. We continue to sit in the bottom of the trough, moving sideways looking for signs of renewed growth. Statewide unemployment remains at 12.5%. Construction employment continues to be a major drag, just as it has for the past 3-4 years.
Most metro areas also show the sideways pattern from January to February.
Regionally, the Los Angeles area (LA and Orange County) had the strongest month, and the Bay area was the weakest (especially the East Bay).
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