California Unemployment Drops to 9.4%, Lowest in More than 4 Years
California’s labor market picked up steam last month, according to figures released Friday, as the state’s unemployment rate fell to 9.4% and employers added a net 25,500 jobs in March.
The March rate was the lowest in California since Dec. 2008, when 9.2% of the state’s labor force was out of work.
Gains were mostly notched in the professional and business services sector and leisure and hospitality sector, according to data by the U.S. Bureau of Labor Statistics. February’s unemployment rate was 9.6%.