California’s unemployment rate climbed to 11.5 percent in May, the highest in modern record-keeping, the California Employment Development Department reported today. Sacramento County unemployment was at 11.1 percent in May, up from April’s 10.8 percent.

Nonfarm payrolls numbers statewide dropped by another 68,900 for the month. That’s roughly the same rate of job losses as in March and April, suggesting that California hasn’t yet turned the corner to economic recovery.

“We were hoping that these numbers would be dropping,” said Howard Roth, chief economist at the state Department of Finance.

The rate at which jobs are being lost nationally dropped in May, making California’s continued losses particularly disappointing, Roth said.

Source/Full Story: sacbee.com

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