California led the nation in job losses in July, while a third of the nation showed decreases in unemployment for the month. California lost 35,800 jobs, the U.S. Labor Department said Friday, to boost its unemployment rate to 11.9 percent, a mark unequalled since modern labor record-keeping began.
The new numbers bring California's total job losses to 760,200 over the last year. If there is good news, it is that the rate of job losses slowed for a second straight month. July's job losses were barely half those in May.
State jobless rate at all-time worst
The Dow Jones Industrial Average surpassed 40,000 points on Thursday for the first time ever, signaling...
US workers at John Deere plants have accused the company of acting on “greed” as America’s...
US corporations and their supporters in Washington are pushing aggressively to roll back tax policies they...
