Patt Morrison for May 22, 2009

When a Decline is Good News - California's Unemployment Rate Drops

According to the U.S. Department of Labor the unemployment rate in California dropped from 11.2% to 11% between March and April. Despite the slight drop in unemployment California still lost 63,700 jobs in the month of April and the only job sector that seems to be growing is government. Does this plateau mark the end of the ever–rising unemployment numbers and indicate that the recession is losing speed? Or should we take the numbers with a grain of salt?

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