Good March jobs report for L.A., California, but does it reflect current economy?

We'll get into that in a moment. First, the good stuff: The state's unemployment rate fell to 9.4 percent in March, down from 9.6 percent the previous month and the lowest level since late 2008 (though still significantly higher than the nation's 7.6 percent). California has the third-highest unemployment rate of any state. For L.A. County, the jobless rate was 10.2 percent, down slightly from 10.3 percent in February. The separate payroll survey also looked good, with 25,500 jobs added in California, second-highest to Florida. L.A. County picked up 23,700, with the quite healthy entertainment industry gaining 9,600 positions. That puts employment in the sector at 131,600, a 12.6 percent increase from a year earlier. Those March numbers diverge significantly from the overall U.S. economy, which has been slowing down in recent weeks. That pattern would be a repeat of the previous two years when growth decelerated after the first two months of the year. Adding to the concern is that a number of bellwether public companies have reported sluggish first-quarter earnings. Perhaps that helps explain a pullback in stocks this week. Now, let's be careful not to jump to conclusions - the economy will often deliver conflicting signals on where it's heading. But the key to any recovery is consistency, and we're not there yet. Here' are EDD and BLS reports.