Economy
5:20 pm
Fri June 1, 2012

Dismal Job Growth Nothing New In California

Originally published on Fri June 1, 2012 6:13 pm

The good news is that unemployment rate in California dropped down to 10.9 percent for the month of April. The bad news is that a million more workers were unemployed in April compared to a pre-recession low in October 2006. The new numbers suggest a lurching recovery without any sustained momentum.