Employment News
California Unemployment Rate Hits 10.5%
By Erik Even | Dated: 03-21-2009
The state unemployment rate hit 10.5% in February, the highest since 1983. Some 1.95 million Californians are searching for work.The state’s highest rate ever was 11% in late 1982.
Employers cut 116,000 payroll jobs statewide in February.
Payroll employment has shrunk 4% since February 2008, with nearly 606,000 jobs vanishing.
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