California, Jobless Rate | featured news

California's unemployment rate fell to 11.1% in December from 11.3% in November, marking five straight months of declines.

California's unemployment rate dipped below 12% in September, and nearly 12,000 new jobs were created.

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.

Unemployment will top out this month at 12.7%, but the recovery will take years, UCLA economists say.

California's jobless rate is close to peaking, but the recovery will be sluggish, with employers not expected to resume hiring until at least next spring, according to new forecasts by UCLA and other analysts.

California's unemployment rate hit 11.2% with the loss of 62,100 jobs last month, reaching its highest level since the government began keeping systematic records in 1976, the state reported today.