California unemployment rises in July to 12%
California's unemployment rate climbs two-tenths of a percentage point in July, the U.S. Department of Labor says, to 12%. The state has the second-highest jobless rate in the nation, exceeded only by Nevada at 12.9%.
Job seekers look at job listings on a bulletin board at the One Stop Career Link Center in San Francisco on Wednesday. The state's unemployment rate ticked up two-tenths of a percentage point in July to 12%. (Photo by Bloomberg News / August 17, 2011)
Reporting from Sacramento—
California's stubbornly high unemployment rate rose even higher in July, climbing two-tenths of a percentage point to 12%, the U.S. Department of Labor reported Friday.
It was the second straight monthly increase in joblessness as measured by a federal survey of households.
California's unemployment rate was the second-highest in the nation, exceeded only by Nevada at 12.9%.
The state's employers added a modest 4,500 new jobs to payrolls, according to a separate monthly check of businesses. Last month, there were a revised 30,500 new jobs.
That level of growth, while welcome, is not strong enough to put a dent in California's large pool of out-of-work people, analysts said.
"This is much like we've been seeing, slow growth," said Howard Roth, chief economist for the state Department of Finance. "But, recently, [unemployment] has been going the wrong way on us."
National unemployment in July was 9.1%, a slight improvement over June's 9.2%. Non-farm employment increased by 117,000.
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