Calif. Unemployment Rate Falls Below 9 Percent - KMPH FOX 26 | Central San Joaquin Valley News Source

Calif. Unemployment Rate Falls Below 9 Percent

By JUDY LIN
Associated Press

SACRAMENTO, Calif. (AP) -- California's unemployment rate fell to 8.6 percent in May, marking the first time in nearly five years the jobless rate has dipped below 9 percent.

The state Employment Development Department reported Friday a decrease of 0.4 percentage points from 9 percent in the previous month. The drop in May puts California's unemployment rate at the lowest level since November 2008.

California's rate continues to remain above the national average of 7.6 percent.

State officials reported a non-farm jobs gain of 10,800 during May for a total gain of more than 767,000 since the economy began to rebound in February 2010.

Roughly 1.6 million Californians remain unemployed, down 364,000 from May of last year.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KMPH. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.