10/04/2024

California Unemployment Rate Remained at 9.8% last Month

California’s labor market slowed last month as employers shed 17,500 jobs in December and the unemployment rate remained unchanged.

The state’s jobless rate, which fell below 10% in November for the first time in nearly four years, stands at 9.8%, according to data released Friday by the U.S. Bureau of Labor Statistics.

In addition, job figures for November were revised upward to show a net gain of 6,100 jobs that month.

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