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County jobless rate is at 7.2%

Ventura County's unemployment rate surged to a 12-year high for October, reaching 7.2 percent, as the reeling economy lashed out in nearly all directions.

While only slightly higher than the 7 percent rate in September, the jobless rate was sharply up from 5.2 percent for the same month a year ago, the state Employment Development Department reported Friday.

An estimated 31,500 people were unemployed last month, a 42.5 percent jump from a year ago. Over the same span, the county lost 5,500 nonfarm jobs.

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Friday, Nov. 21, 2008
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