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Record One-Month Unemployment Increase

The State Employment Development Department says it couldn’t yet quantify the effects of the coronavirus pandemic on the March job market. But market consultant Luis Allejo says there were already indications of unseasonable changes…

click to listen to Luis Allejo

Meanwhile, the impact is already being seen in Nevada County, where the March rate jumped a full point from February to four-point-six percent…

click to listen to Luis Allejo

There were 450 more unemployed people in Nevada County, or 22-hundred-30. February saw a drop of 20. The rate is also seven-tenths of a point higher than a year ago. And worse numbers are expected for April, since nearly three-million Californians have already filed for unemployment benefits over the last four weeks. Statewide, around 100-thousand jobs were lost in March, for the worst month since the Great Recession. The statewide jobless rate went from a record low of three-point-nine percent in February, to five-point-three percent.

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