SACRAMENTO, Calif. (AP) — California's jobless rate dipped below 10 percent last month for the first time since the recession began, the state announced Friday, signaling that the state's economy may have finally turned the corner.
The 9.8 percent unemployment rate reported by the Employment Development Department is down from 10.1 percent in October.
It marks the first time in nearly four years that the rate dropped into single digits. The last time was in January 2009, when the rate was 9.7 percent.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
