California jobless rate falls below 12%

Just barely - 11.9 percent in April, down from 12 percent the previous month. That's the second-highest jobless rate in the nation (Nevada is the highest). The separate payroll survey shows a job gain of only 8,900, which is not much at this stage of the recovery. Here's the BLS release..

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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