Merced County’s unemployment rate continues to drop, though it remains well above state and national averages.
According to numbers released Friday, April’s unemployment rate was 15.5 percent, compared with a revised 17.2 percent the previous month and 18.0 percent in April 2012. Drops year-over-year signal growth in the economy.
To the north, Stanislaus County’s unemployment rate for April was 13.4 percent in April 2013, down from a revised 14.5 percent in March. A year ago, the estimate was 15.8 percent.
Nationally, the unemployment rate for April was 7.1 percent, with California seeing a rate of 8.5 percent.
We will have more on this story later today.