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November 20, 2009

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California Unemployment Jumps To 12.5 percent

by Bob Schwartz

unemployment rate

unemployment rate

The U.S. Bureau of Labor Statistics  reported that California unemployment hit 12.5 percent in October to set another modern record. California was one of 29 states reporting unemployment rate increases. Only three states – Michigan, Nevada and Rhode Island – had higher rates than California last month.

The rate is just slightly higher than September, when officials reported a jobless rate of 12.2 percent. It was 8 percent a year ago.

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1 Comment
  1. San Antonio lawyers
    Nov 23 2009

    Everyone freaked out at the prices of everything in the markets and just stopped dead. If they hadn’t corporations wouldn’t be pinching pennies and we’d be able to afford to keep our employees and we wouldn’t be dealing with such a tragedy.

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