Results tagged “jobrate”

While some have declared the recession over, more or less, California's job rate might disagree. In August, we witnessed the jobless figure "climb to 12.2 percent last month, the highest on records dating back to the 1970's,"n according to CBS5/AP. But California wasn't the only state to see crowds converge at unemployment offices. "Forty-two states lost jobs last month, up from 29 in July, with the biggest payroll cuts coming in Texas, Michigan, Georgia and Ohio." Sigh.

In some more grim news, California's unemployment rate skyrocketed from 7.7 percent in September to 8.2 percent in October. The numbers go like this: the state of California's unemployment numbers are up by 95,000 over the last month (and up by 487,000 compared with October of 2008.) While this is affecting mainly construction and finance jobs, all sectors and any type of employee is taking a hit. A man in line at the Employment Development Department at Franklin and Turk Streets said, "When you're 55 and you're struggling... If I don't make my payments I could lose my house and be out here on the street. I'm one step from that." Sigh. (KCBS)