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California Unemployment Hits 10.5%
It just keeps getting worse. January, unemployment statewide was 10.1%. Today, it's 10.5% and by contrast, it was 6.2% twelve months ago. February was the 11th straight month that the number increased. Last month, we saw over 116,000 go away with most of them, 39,000, in construction.
Only one industry had an increase. There were 7,900 new information industry jobs in February.
18 of the nation's 100 largest job markets have unemployment rates above 10%. The Los Angeles region in included as well as Bakersfield, Fresno and Stockton--all three top the list.
Nationwide, unemployment is 8.1%.
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Thank you for your generous support and belief in the value of independent news.
But the game has changed: Congress voted to eliminate funding for public media across the country. Here at LAist that means a loss of $1.7 million in our budget every year. We want to assure you that despite growing threats to free press and free speech, LAist will remain a voice you know and trust. Speaking frankly, the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news in our community.
We’re asking you to stand up for independent reporting that will not be silenced. With more individuals like you supporting this public service, we can continue to provide essential coverage for Southern Californians that you can’t find anywhere else. Become a monthly member today to help sustain this mission.
Thank you for your generous support and belief in the value of independent news.
Senior Vice President News, Editor in Chief
