California Unemployment Rate Hits the Double Digits - 10.1%
LAT’s Marc Lifsher reports:
Reporting from Sacramento — More than 1 in 10 California workers were unemployed in January, the largest percentage in nearly 26 years, the state reported today.
The 10.1% jobless rate is the highest since June 1983 and not far below the 11% record set in November 1982 at the worst point of a severe recession, according to the governor’s office. Job losses escalated in January, with the state’s unemployment rate jumping by 1.4
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