California News

California Unemployment Rate Hit 15.5% In April

CBS Los Angeles-


California’s unemployment rate soared to 15.5% in April as the nation’s most populous state lost 2.3 million jobs because of the coronavirus pandemic that shuttered most businesses.

The state’s unemployment rate increased 10.2 percentage points since March, the largest one month rise since 1976, when the state began using its current formula to measure job losses.

It broke the record set in March. And it shows, just one month after the pandemic took hold, that California had already surpassed the 12.3% unemployment rate it reached during the Great Recession a decade ago.

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