June Unemployment Back up to 10.5%
The unemployment rate for San Diego County jumped to 10.5% in June, up from a revised 10.1% in May, according to the Employment Development Department. The county lost 1,200 jobs during the month. Federal government employment was down 3,000, greatly reflecting census workers whose temporary jobs ran out. Leisure and hospitality jobs rose 2,000. Compared with June of last year, the county lost 12,500 jobs, down 1%.
On the national scene, the University of Michigan consumer sentiment index plunged to 66.5 in early July from 76 in late June, hitting the lowest level since August of last year. The stock market is down around 2.5%, partly on the consumer news.
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