California Unemployment Holds Steady At 12.4 Percent

SACRAMENTO (AP) — Officials say California’s unemployment rate remained steady at 12.4 percent over the past month.

The state’s Employment Development Department released the latest jobless numbers Friday. The data shows that the unemployment rate has now held at or above 12 percent for 15 months.

KCBS’ Barbara Taylor Reports:

California saw a net gain of 39,000 non-farm jobs in October, as the state experienced job growth in eight categories. The area of professional and business services posted the biggest gains.

The financial industry suffered the most job losses, while mining, logging and information jobs also were on the decline.

California’s unemployment rate continues to be higher than the national average, which also held steady at 9.6 percent between September and October.

(© 2010 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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