Southern California breaking news and trends

California's unemployment rate drops to 10.9 percent, but still 3rd highest

Justin Sullivan/Getty Images

SAN FRANCISCO, CA - MARCH 27: A job seeker looks over event materials as she waits to enter the San Francisco Hirevent job fair at the Hotel Whitcomb on March 27, 2012 in San Francisco, California. As the national unemployment rate stands at 8.3 percent, job seekers turned out to meet with recruiters at the San Francisco Hirevent job fair where hundreds of jobs were available. (Photo by Justin Sullivan/Getty Images)

On the day Facebook made California significantly richer, a report comes that the state lost 4,200 jobs in April, though its unemployment rate dropped to 10.9 percent. That's likely because discouraged workers just stopped looking for work. California's unemployment rate remains well above the national rate of 8.1 percent, and it makes it the third-highest rate in the nation. 

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