WINTER DOLDRUMS: When recovering from a recession,...
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WINTER DOLDRUMS: When recovering from a recession, county jobless rates tend to be highest in January (D1). That should be true this year, says Chapman University economist Esmael Adibi. In the bad news category: “We expect unemployment to continue on the high side in the first quarter” of 1992, Adibi said. The good news? “Things will gradually get better . . . in the second half.”
Out of Work
January’s Orange County unemployment rate, while up from last year, is much lower than the decade’s worst. ‘83: 9.4% ‘92: 5.3% Source: California Employment Development Department
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