Labor & Economic News Blog
Friday, September 19, 2008
California unemployment rate soars to 7.7% in August
California unemployment rate soars to 7.7% in AugustThe jump from 7.4% in July puts the state in a tie with Mississippi for the third-highest jobless rate in the U.S.. Unemployment in California rose for a fifth straight month to 7.7% in August, and economists predicted that a recovery won't come soon, given the depth of the Wall Street financial crisis.
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