State unemployment rate holds at 12.5 percent
March 26, 2010
California’s unemployment rate continues to hold at 12.5 percent, according to February statistics released by the U.S. Department of Labor. [Los Angeles Times]
By contrast, the state’s unemployment rate was 10.2 percent one year ago.
The new figures for California reflect a similar flattening of the national unemployment rate at 9.7 percent for the first two months of 2010.
Economists say that employers remain reluctant to expand their payrolls, despite hopeful signs of increased activity in retail sales, international trade and manufacturing.