The unemployment rate in Los Angeles County edged up to 13 percent in December, up from a revised 12.8 percent in November, the state Economic Development Department reported Friday.
Unless lawmakers in Washington come up with a compromise on the Bush-era tax cuts, it’s the end of the line for hundreds of thousands of people living off of unemployment benefits.
For nearly two million Americans who’ve been on unemployment for 99 weeks, the end of the line is near.
Lawmakers on Capitol Hill are back to work after the long Thanksgiving holiday, and millions of Americans are eagerly waiting for their elected representatives to extend jobless benefits before they are set to expire.
Officials say California’s unemployment rate remained steady at 12.4 percent over the past month.
Unemployment may have stabilized in September, but a CBS “60 Minutes” report says new data paints a much gloomier picture of the state’s job market.
After decades of financial prosperity for a nation that served as the economic engine of the world, a new survey says more than half of Americans are losing hope of ever achieving the success of previous generations.
The U.S. jobless rate has now topped 9.5 percent for 14 straight months, the longest stretch since the 1930s, with most people knowing someone who does not have full-time employment.