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California unemployment rate hits 12.1% as employers slash jobs

Sep 17, 2011 12:58:59 AM- latimes.com
State employers reduce payrolls in August for the second month in a row as they see signs of a faltering economy, pushing the jobless rate up from 12% in July.

Unsettled by signs that the recovery is stumbling, California employers in August cut jobs for the second month in a row, helping push the unemployment rate to 12.1% from 12% in July.


USA, California: (Latest Stories)