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California Jobless Rate Climbed to 12.4% in August, State Says

California’s unemployment rate rose to a three-month high of 12.4 percent in August as non-farm payrolls lost 33,500 jobs, the California Employment Development Department said.

The jobless rate increased from 12.3 percent in July, the department said today in a statement. In August 2009, unemployment stood at 12 percent. The rates are based on surveys of 5,500 California households, the agency said.