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Southern California breaking news and trends

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

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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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