SACRAMENTO – A tumbling economy and crumbling housing market sent California's jobless rate to 7.7 percent in August, the highest level since March 1996.
The unemployment rate announced Friday by the state Employment Development Department was up from a revised 7.4 percent in July, and a big jump from the 5.5 percent figure a year ago. Behind the numbers are 1.42 million unemployed Californians, more than triple the 413,000 jobless in August 2007.
[bad policies have bad consequences]
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Monday, September 22, 2008
California unemployment rate hits 7.7 percent
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