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California's jobless rate rises to 8.4%
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11:11, December 20, 2008

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Jobless rate in California, the most populous state in the United States, rose to 8.4 percent in November, the third highest in the nation, according to figures released on Friday.

California's unemployment rate is at its highest level since 1994, reaching its highest level since the fall of 1994, the U.S. Department of Labor reported.

This leaves California behind only Michigan (9.6 percent) and Rhode Island (9.3 percent), said the department.

In all, the recession that's gripped California's economy for the past year has claimed 136,000 jobs out of a state workforce of about 15 million people, according to the Los Angeles Times on Friday.

State unemployment in November 2007 stood at 5.7 percent.

In a statement issued on Friday, California Governor Arnold Schwarzenegger reiterated his call for the state legislature to pass a real and comprehensive budget solution that includes a jobs package.

"California's unemployment rate reinforces the need for the state legislature to pass a real budget solution that includes aggressive economic stimulus -- because we must do everything in our power to help Californians affected by the economic downturn get back to work," said Schwarzenegger.

"I've said countless times that any budget plan sent to my desk must include real stimulus that creates jobs, keeps Californians in their homes and provides strong, long-term recovery solutions for our state's diverse economy."

Source: Xinhua



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