California Jobless Rate Falls to 9.8%, Lowest in Almost 4 years

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
Department of Labor Unemployment

Courtesy: CNN

SACRAMENTO (LATimes)-

With one of the strongest holiday shopping seasons in years, a surge in hiring by retailers helped lower California’s unemployment rate in November to its lowest level in almost four years.

The state’s jobless rate fell to 9.8% from 10.1% in October, according to data released Friday by the U.S. Bureau of Labor Statistics.

The drop in the unemployment rate came even as the state’s labor force – the number of people who are able to work and either have a job or are looking for one – grew by 34,100 people in November.

Read more at latimes.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s