California’s Unemployment Rate Reaches 12-Year High
Monday, October 20, 2008
California's unemployment rate is at a 12 year high. Governor Schwarzenegger is directing two million dollars for job assistance to workers in Southern California who lost their jobs in the recent wildfires. The federal money will help the unemployed with job searches and training. From Sacrament, Marianne Russ has more.
California's unemployment rate held steady at 7.7 percent in September. It's the highest rate in more than a decade. Just a year ago, unemployment was 5.6 percent. However, the overall news is mixed coming out of the Employment Development Department.
That's because a separate survey showed a loss of 11,600 jobs. Hardest hit sectors included construction and government. There were gains in some places - including information and manufacturing.
The national unemployment rate for September was 6.1 percent.
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