California unemployment rate holds at 12.5% – latimes.com

Reporting from Sacramento – California's unemployment rate held steady at 12.5% in February as effects of the recession dragged into 2010, the U.S. Department of Labor reported Friday.

That rate was the same as January's, and was up from 10.2% one year ago.

The state's jobs picture mirrored a similar flattening of the national rate at 9.7% for the first two months of the year.

Employers continued to be reluctant to expand their payrolls, economists said, despite signs of increased activity in retail sales, international trade and manufacturing.

via California unemployment rate holds at 12.5% – latimes.com.

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