Nov 21, 2014 12:07 PM by News Staff
SACRAMENTO, Calif. (AP) - California's unemployment rate for October was 7.3 percent, which remain unchanged from the previous month even as the state increased payroll jobs.
The state Employment Development Department released figures Friday showing steady gains since the jobless rate hit a recession-era high of 12.4 percent in February 2010.
Nationally, the unemployment rate decreased in October to 5.8 percent.
California added 41,500 jobs for a total of 15.5 million nonfarm payroll jobs last month. That followed a loss of 14,200 jobs in September.
Professional and business services posted the largest increase over the month, adding 12,500 jobs. Mining, logging and financial activities were among the sectors reporting declines.
Unemployment claims were roughly the same. The state reported 392,093 people receiving unemployment benefits in October, down just slightly from the previous month.
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