California's Unemployment Rate Rises To 12.4%

California's unemployment rate rises to 12.4%

The jobless rate creeps up from 12.3% in November as employers lay off 38,800 workers in December, capping a dismal year in which the state lost more than half a million jobs. California employers cut more workers from their staffs in December, capping a dismal year in which the state lost more than half a million jobs.

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