This was quite a shock to me, a positive one though! It’s probably a one-time dip since the State of California will be laying off many as they try to fix the $25 billion budget:
California’s unemployment rate dipped slightly to 11 percent last month, although the state lost 63,700 jobs, the federal government reported today.
The Bureau of Labor Statistics said California unemployment fell two-tenths of a point even though the state’s job loss was the highest in the country.
At 11 percent, California had the fifth-highest unemployment rate in the country. Michigan’s was first, at 12.9 percent.
Unemployment rates for Sacramento and other metropolitan areas were due to be released later today.