California’s Unemployment Rate Hits 12 Percent
LOS ANGELES (CBS) — California’s unemployment rate climbed to 12 percent in July, the state Employment Development Department reported Friday.
The jobless rate in Los Angeles County reached 12.4 percent.
The statewide figure was two-tenths of a percentage point higher than the unemployment rate for June.
July’s rate was four-tenths of a percentage point above the 12 percent rate for June in Los Angeles.
California’s unemployment rate is the second-highest in the United States at 12 percent just under Nevada’s 12.9 percent rate.
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