11.9%: That's California's Record High Unemployment Rate
Ouch. No wonder it's tough to find a job in Los Angeles. July's unemployment numbers for the state are not looking too good. 11.9% is, once again, a record high, according to the LA Times. A few months back in may it was a record breaking 11.5% and then 11.6% in June. California lost 35,800 jobs last month (and 760,000 over the last year), which is more than any other state. That ties us with Oregon at fourth for highest unemployment rate in the country. We're doing just a little better than Michigan, Rhode Island and Nevada.