Employment Update: Unemployment rate hits six-year low but overall December employment is weak (0)

1/25/15 •

  The UCSB EFP’s seasonal adjustment of the latest employment report from the California Employment Development Department (EDD) shows weak new numbers for Santa Barbara County.  While Santa Barbara’s unemployment rate decreased by 0.3%, to a six-year low of 5.5%, this good news can be misleading. The unemployment rate, as defined by the Bureau of Labor Statistics (BLS), […]