New jobs numbers are out this morning, and a shiny headline comes from right here in the Golden State. For the first time since 2009, California's unemployment rate fell below 11 – to 10.9.
"It looks like we're going in the right direction," was the somewhat muted response from California's Employment Development Department spokesperson. The added jobs come from a wide array of sectors: construction, manufacturing, hospitality and more.
As for the rest of the country, employers added 227,000 new jobs last month. The numbers have been improving at a steady clip since last summer, although in February, the amount of people seeking jobless benefits stayed steady at 8.3 instead of falling as it has for the last five months.
How do these numbers play into the overall economy and the GDP? What does this uptick portend for the rest of the year? How is your own economic recovery trending? Are you out of work and still looking? Are you hoping to quit and find something new? Will good news mean more Americans will try to get back into the job market? Then what could be the adverse effect of that?
Matt DeBord, senior reporter and business blogger for KPCC. He writes The DeBord Report for KPCC.org
Chris Thornberg, Principal at Beacon Economics