California unemployment remains at 12.4 percent
SACRAMENTO, Calif. (AP) and#8212; California’s unemployment rate remains unchanged at 12.4 percent in December compared to the previous month.
Last month, the state reported the November unemployment rate at 12.3 percent, but the state Department of Economic Development revised that figure to 12.4 percent on Friday.
For the month, California employers shed 38,800 jobs compared to a year ago.
December caps off a dismal year where the state lost more than a half-million jobs. While most industries cut employment, there was one bright spot: Education and health care posted a 1.3 percent increase for the year.
According to the federal Bureau of Labor Statistics, California has the fifth-highest unemployment rate in the nation.
Michigan tops the nation with 14.6 percent, followed by Nevada, Rhode Island and South Carolina.