[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather
Santa Clarita CA
Sunny
Sunny
87°F
 
Calendar
Today in
S.C.V. History
September 25
1970 - Lagasse family helps save Mentryville buildings as Newhall and Malibu brush fires erupt & join into worst fire in SoCal history. Twelve fires over 10 days burn 525,000 acres, kill 13 people and destroy approx. 1,500 structures. [story]


 

The U.S. unemployment rate has dropped to 8.3 percent from 8.5 percent last month according to the Labor Department. Hiring rose in January adding 243,000 jobs, an increase over the 203,000 jobs added in December.

Dr. Robert Kleinhenz, Chief Economist for the Los Angeles County Economic Development Corporation

“It’s good to start off the year with that type of improvement especially after so many years of painfully high unemployment rates nationally and of course here in California,” said Dr. Robert Kleinhenz, (pictured at left) Chief Economist for the Los Angeles County Economic Development Corporation.

Despite the three month uptick in hiring, Kleinhenz believes the nation still has a long ways to go before finding its way back to a normal labor market.

“At 200,000 jobs on average per month, it will take us…I hope you’re sitting down…it will take us about 4 years to get us down to a normal rate of unemployment,” Kleinhenz said.

On the bright side, employment increased by 40,000 jobs from December to January for a total of 243,000. Kleinhenz hopes that trend continues.

“If we can get closer to 250,000 or get to 300,000 jobs per month, which is more typical at this point in an economic recovery cycle it would take us under 2 years to bring the unemployment rate to a normal level which is around 6 percent,” said Kleinhenz.

While the nation’s unemployment is now at 8.3 percent, California is still over 11 percent. Kleinhenz says that doesn’t mean California is lagging behind the rest of the country.

“The job gains in California relative to the job gains for the nation as a whole approximately equal our share of the labor force in the U.S.. So we’re on a par with the job gains that the national economy is experiencing,” Kleinhenz says.

January employment numbers have not yet been released for California, but the multi-year recovery timeline is similar to that of the nation.

“We had 28,000 job gains in the month of December and at that rate it’s going to take about 3 years for California to get its unemployment rate down to a normal level,” Kleinhenz said.

According to Kleinhenz unemployment numbers will continue to be painfully high through 2012, but improving throughout the year if hiring continues to increase.

For a closer look at the Bureau of Labor Statistics numbers, click here.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


SCV NewsBreak
Loading...
LOCAL NEWS HEADLINES
Monday, Sep 25, 2017
City Council May OK Year-Round Homeless Shelter
A proposal to transfer ownership of the Santa Clarita Emergency Winter Shelter from the city of Santa Clarita to non-profit organization Bridge to Home is among the items on the agenda for the City Council's regular meeting at City Hall on Tuesday, Sept. 26.
Monday, Sep 25, 2017
Crime Blotter: Grand Theft, Domestic Violence in Newhall
The Santa Clarita Valley Sheriff's Station has released public safety and crime prevention information for Newhall (Zone 6) for 09/11/17 to 09/17/17.
Monday, Sep 25, 2017
Gov. Brown Signs 19 Bills, Vetoes 1
Governor Edmund G. Brown Jr. has signed 19 bills and vetoed one passed by the Assembly and the Senate in their recently completed legislative sessions.
Keep Up With Our Facebook

Latest Additions to SCVNews.com
A proposal to transfer ownership of the Santa Clarita Emergency Winter Shelter from the city of Santa Clarita to non-profit organization Bridge to Home is among the items on the agenda for the City Council's regular meeting at City Hall on Tuesday, Sept. 26.
City Council May OK Year-Round Homeless Shelter
Valencia-based non-profit organization SNAP Sports will host a wine tasting event at Salt Creek Grille to benefit its special-needs sports program and the Valencia SNAP Flyers hockey team on Thursday, Oct. 5 starting at 6 p.m.
Oct. 5: Fundraiser at Salt Creek for SNAP Sports, Valencia SNAP Flyers
CSUN has built a “village” — spearheaded by the Office of Student Success Innovations — to tap into a wide pool of campus talent to find creative ways to help students succeed.
CSUN Creates a ‘Village’ to Support Student Success
The Santa Clarita Valley Sheriff's Station has released public safety and crime prevention information for Newhall (Zone 6) for 09/11/17 to 09/17/17.
Crime Blotter: Grand Theft, Domestic Violence in Newhall
Governor Edmund G. Brown Jr. has signed 19 bills and vetoed one passed by the Assembly and the Senate in their recently completed legislative sessions.
Gov. Brown Signs 19 Bills, Vetoes 1
CSUN will continue to enforce existing guidelines regarding sexual misconduct even as the U.S. Department of Education withdraws its guidelines for revision, Chancellor Timothy P. White told students in a letter.
CSUN Chancellor: No Changes Now in Sexual Misconduct Rules
The Master’s University Lady Mustangs volleyball team lost 3-1 to William Jessup in Rocklin on Saturday.
Mustangs Women’s Volleyball Team Trips Up in Rocklin
The TMU Mustangs men's soccer team pulled away from visiting William Jessup for a 4-1 victory on Reese Field on Saturday.
Tembo Tricks Jessup in TMU Men’s Soccer Win
Los Angeles County’s fight against homelessness reaches a key milestone on Tuesday, September 26, as the Measure H Citizens’ Oversight Advisory Board holds its inaugural meeting from 3 p.m. to 5 p.m.
Sept. 26: First Meeting of Measure H Citizens’ Oversight Board
The Master’s University soccer team’s 2-1 victory over William Jessup University Saturday came with less than 20 seconds to play in overtime at Reese Field.
Master’s Women’s Soccer Players Use OT to Avoid Upset
The Master’s University women’s volleyball team lost 3-0 at Menlo College by scores of 25-15, 25-22 and 25-23 Friday night.
Mustangs Volleyball Team Hits Road Bump at Menlo College
The No. 6 Cougars closed out the College of the Canyons Tri-Tourney by dropping a tough four-set decision to No. 18 Mira Costa Friday.
No. 6 Canyons Volleyball Team Clipped by No. 18 Spartans
No. 6-ranked College of the Canyons Cougars volleyball team rolled to a straight-set win over visiting Ventura College in the opening match of the COC Tri-Tourney Friday.
No. 6 Cougars Sweep Ventura to Open Canyons Tri-Tourney
Los Angeles County Registrar-Recorder/County Clerk Dean C. Logan will deliver the keynote address at California State University, Los Angeles for National Voter Registration Day on Tuesday, September 26.
L.A. County Registrar to Give Keynote Speech on National Voter Registration Day
This fall, artist and CalArts alum Rubén Ortiz-Torres (Art MFA 92) participates in two exhibitions as part of "Pacific Standard Time: LA/LA," the Getty’s collaborative exploration of Latin American and Latino art.
Rubén Ortiz-Torres to Present Two Shows as Part of ‘Pacific Standard Time: LA/LA’
CalArts faculty and choreographer Rosanna Gamson of Rosanna Gamson/World Wide serves as the Creative Producer and Dramaturge of "Daedalus' Daughter," a new dance theater piece created by writer-director-performer Carol Katz.
Sept. 28-30: ‘Deadalus’ Daughter’ Keeps Dancing at Bootleg Theater
CalArts will kick off the 2017-2018 season of its acclaimed Wild Beast Concert Series with a free, outdoor performance by two large experimental jazz bands, The Daniel Rosenboom Octet and theBABAOrchestra, on Saturday night, Oct. 14.
Oct. 14: 21st Century Jazz Kicks Off CalArts’ 2017 Wild Beast Concerts
The Valencia High School Vikings football team pummeled the Bakersfield High School Drillers 56-14 at Valencia Friday night.
Valencia Vikings Pummel Bakersfield Drillers 56-14
A suspect has been arrested and charged with murder in the death of an unidentified man whose body was found in the 23600 block of Via Valer in Valencia Sunday afternoon.
Man Booked for Murder in Santa Clarita
Officers from the Los Angeles Police Department pursued three men suspected of robbing a pair of MetroPCS stores into Newhall Friday night, according to officials.
Armed Robbery Suspects Arrested After Pursuit Ends in Newhall
California Attorney General Xavier Becerra has joined New York and 11 other states in filing an amicus brief in the United States Supreme Court to protect voters from having their names unlawfully removed from lists of registered voters.
California Joins Fight in U.S. Supreme Court to Protect Voters’ Rights
1970 - Lagasse family helps save Mentryville buildings as Newhall and Malibu brush fires erupt & join into worst fire in SoCal history. Twelve fires over 10 days burn 525,000 acres, kill 13 people and destroy approx. 1,500 structures. [story]
It has been a year since Energy Transfer Partners bulldozed the sacred burial grounds just beyond the borders of the Standing Rock Sioux Reservation to clear a path for the Dakota Access Pipeline – and about 10 months since I hightailed it over there. I want my friends to know what I know, and I want to be able to look back and remember some details before time wipes them away.
Standing Rock: Why I Went | Commentary by Leon Worden
1855 - Sanford & Cyrus Lyon establish Lyon's Station (for stagecoaches) near today's Sierra Hwy & Newhall Ave [story]
1948 - Agua Dulce Women's Club organized [timeline]
The governing boards of College of the Canyons and the William S. Hart Union School District are scheduled to discuss plans for a new Academy of the Canyons-style campus at the future Castaic High School when they sit down for their annual joint meeting Sept. 27.
COC, Hart Planning ‘North Academy’ at Castaic High School
The League of California Cities, with representatives from cities statewide including Santa Clarita, is calling for Gov. Jerry Brown to veto SB 649, which if enacted would allow the wireless industry to install new 5G equipment with little input from local jurisdictions.
League of California Cities Urges Governor to Veto 5G Wireless Equipment Bill
Tonight on SCV NewsBreak, an off-duty LAPD officer and Canyon Country resident, died Thursday evening after a collision in Porter Ranch. Plus, check out all the exciting events happening this weekend. Watch these stories and more on tonight's edition of SCV NewsBreak.
SCV NewsBreak for Friday, September 22, 2017
The new pedestrian bridge crossing McBean Parkway is expected to be open in time for weekend foot traffic.
New Pedestrian Bridge on McBean Parkway Set to Reopen
The Child and Family Center will begin providing outpatient substance use treatment services for adolescents and young adults with primary substance use disorders under the California Drug MediCal Program starting Tuesday, October 3.
Oct. 3: Child and Family Center Begins Outpatient Substance Abuse Treatment
College of the Canyons and the Santa Clarita Valley Senior Center will host a caregivers' workshop at the Senior Center in Newhall on Saturday, September 30 from 9 a.m. to 11:30 a.m.
Sept. 30: COC, Senior Center Host Caregiver Workshop
The Los Angeles County Board of Supervisors is strongly opposing the proposed Graham-Cassidy healthcare legislation, saying it would undermine the well-being of the county’s most vulnerable populations and burden taxpayers with heavier costs for years to come.
Supes Say Graham-Cassidy Bill Threatens Health of Millions of LA County Residents
The intersection of Soledad Canyon Road and Bouquet Canyon Road will be under construction from 7 p.m. to 5 a.m. on Friday night, September 29 and Saturday morning, September 30.
Sept. 29-30: Soledad and Bouquet Canyon Repaving
College of the Canyons launched its First-Year Promise program this fall, and to ensure the future of the FYP program, which offers full-time freshman students waived tuition and fees during their first year of study, the COC Foundation has committed to fundraising $500,000 over the next two years.
COC Foundation Launches ‘First-Year Promise’ Fundraising Campaign
Road rehab on major arterial roads and intersections in the city of Santa Clarita continues into October.
Santa Clarita Road Rehab Drives into October
More than 60 Air Force senior leaders convened on Friday to discuss the Air Force’s aircrew crisis, which has left the service more than 1,500 pilots short of its requirements.
Short by 1,500 Pilots, Air Force Leaders Address Aircrew Crisis