KTVN Channel 2 - Reno Tahoe News Weather, Video - California Unemployment Rate Hits 12.5%

California Unemployment Rate Hits 12.5%

California's unemployment rate rose to 12.5% in October to set another modern record.

The U.S. Bureau of Labor Statistics says California was one of 29 states reporting unemployment rate increases. Only three states -- Michigan, Nevada and Rhode Island -- had higher rates than California last month.

The rate is just slightly higher than September, when officials reported a jobless rate of 12.2%. It was 8% a year ago.

The national unemployment rate rose to 10.2% in October. 

(Copyright 2009 by The Associated Press. All Rights Reserved.)