No Surprise: California Unemployment Hits 11.5%

by Stephan Tawney on June 19, 2009

Just in case you thought the news couldn’t get any worse for Californians, the Department of Labor now reports that unemployment in the most populous American state has reached 11.5%.

California’s unemployment rate shot up to 11.5% in May, its highest level since current record-keeping began more than three decades ago.

That’s a substantial increase over a revised rate of 11.1% in April, the U.S. Department of Labor reported this morning. …

Only four states have higher unemployment rates than California: Michigan at 14.1%, Oregon at 12.4% and Rhode Island and South Carolina, tied at 12.1%.

The massive budget crisis and continuing recession will almost guarantee that California’s unemployment rate will only go up over the summer.



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