California's jobless rate fell to 10.6 percent in August from 10.7 percent the month before. That's still the third-highest unemployment rate in the nation, behind Nevada and Rhode Island. The separate payroll survey was somewhat disappointing, with only 12,000 jobs added in the state last month. In addition, the July numbers were revised downward, with only 17,900 payroll jobs (initial estimate was 25,200). Over the last 12 months, however, California has added nearly 300,000 jobs, the most of any state. I'll have the L.A. County numbers later this morning. (BLS)
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