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California Unemployment Rate Tops 10%

Los Angeles Times: Lackluster spending on clothes, cars, legal services and most everything else has left California’s economy listless, just about guaranteeing that the state’s 10.1% unemployment in January will march upward until at least the end of the year, economists predicted. The Golden State lost 79,300 payroll jobs in January, pushing the monthly unemployment rate to its highest level since June 1983, when the country was starting to recover from a deep recession.”

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