Summary
California's unemployment rate jumped to an alarming 11.9 percent in July, as nervous employers continued to shed jobs or refrain from hiring.
The latest reading, released Friday by the state Employment Development Department, marked California's highest unemployment rate in modern record keeping.See the full content of this document
Extract
State, County Jobless Rate Hit 11.9 Percent
July's 11.9 percent reading was up from 11.6 percent in June and well above the year-ago jobless rate of 7.3 percent.
Los Angeles County was equally battered, with an 11.9 percent unemployment rate for July compared with 11.2 pe...See the full content of this document
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