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Calif. unemployment rate remains unchanged

November 19, 2010 12:00:00 AM PST
For the second straight month, California unemployment rate remained at 12.4 percent in October, according to a report released Friday.The state's unemployment rate has now held at or above 12 percent for 15 straight months.

"California continues to experience a slow recovery," Gov. Arnold Schwarzenegger said in a statement, noting he was pleased state voters had upheld vital employment incentives on the November ballot.

California saw a net gain of 39,000 non-farm jobs, and there was job growth in eight categories, including construction, manufacturing and educational and health service.

The financial industry suffered the most losses, which lost 4,300 jobs.

California's unemployment rate continues to be higher than the national average, which also held steady at 9.6 percent between September and October.

The Associated Press contributed to this story.


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