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.


Written by Zain Shauk

November 20, 2009 at 10:02 am

Posted in business

Tagged with , , ,

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