Depression: California unemployment rate ticks up to 12.5%
• LAtimes.comCalifornia adds just 4,900 jobs in December, with the government and construction sectors shedding thousands of positions. L.A. County's unemployment rate hits 13%.
California adds just 4,900 jobs in December, with the government and construction sectors shedding thousands of positions. L.A. County's unemployment rate hits 13%.
If California is reporting 12.5% unemployment, that means that they are really at about 22.5% since the government - in its infinite wisdom - doesn't count those who are underemployed or have dropped from the benefits roster.