Report: State unemployment grows

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California gained 25,700 jobs in October, but still has the fourth highest unemployment rate in the nation, at 12.5%, according to a report released today by the Bureau of Labor Statistics .

The rate was seasonally adjusted and was up from 12.3% in September and 8% a year ago, according to the report.

Michigan had the highest October jobless rate at 15.1%, followed by Nevada with 13%, and Rhode Island at 12.9%, according to the report.

Although California posted one of the nation’s strongest gains in jobs during the month, the state’s employment rolls are still 687,700 lower than a year ago, the report said.

California’s Economic Development Department will release its report on city and community unemployment rates later this morning.

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Written by Zain Shauk

November 20, 2009 at 10:02 am

Posted in business

Tagged with , , ,

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