LayoffBlog.com

December 19, 2008

Unemployment in California jumps to 8.4 percent

According to MarketWatch: “California’s unemployment rate climbed to 8.4 percent in November, the third-highest rate in the nation, federal officials said Friday.

The jobless rate announced by the U.S. Department of Labor was up from 5.7 percent a year earlier, and 8.2 percent in October. Only Michigan and Rhode Island posted higher jobless rates than California.

The agency said California shed 41,700 jobs last month, bringing the total jobs lost over the past year to 136,000. Florida and North Carolina were the only states to lose more jobs in November.

The U.S. unemployment rate rose to 6.7 percent in November — a 15-year high. The nation lost 533,000 jobs last month, the largest monthly job loss in 34 years.”

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