July 13, 2024

unemployment rate
unemployment rate

The U.S. Bureau of Labor Statistics  reported that California unemployment hit 12.5 percent in October to set another modern record. California was one of 29 states reporting unemployment rate increases. Only three states – Michigan, Nevada and Rhode Island – had higher rates than California last month.

The rate is just slightly higher than September, when officials reported a jobless rate of 12.2 percent. It was 8 percent a year ago.

Carlsbad California real estate

1 thought on “California Unemployment Jumps To 12.5 percent

Comments are closed.