March jobless rate dips to 12 percent in CA...But loses 11,600 Jobs???

California's unemployment rate dipped slightly to 12 percent in March, the lowest figure since September 2009, the state reported Friday.

The March figure marked the third straight monthly decline for the state's jobless rate. Nearly 2.2 million Californians were unemployed in March, down by 79,000 from the same period a year ago, the Employment Development Department said.

The state jobless rate for March 2010 was 12.4 percent

mistermunster wrote:It's no big. It's still very high and this state is till screwed. But yes a slight drop and the media whores herald this as an UPSWING to GOOD times.

California's improving job market stalled out last month, with the state losing more workers than it gained amid a slowdown in construction and foreign trade.

The state lost a net 11,600 jobs in March after adding a record 84,600 in February, and the unemployment rate fell to 12% from 12.1%.

DesperateInRI wrote:

California's improving job market stalled out last month, with the state losing more workers than it gained amid a slowdown in construction and foreign trade.

The state lost a net 11,600 jobs in March after adding a record 84,600 in February, and the unemployment rate fell to 12% from 12.1%.

http://tinyurl.com/3m6mtxx


I can't figure out this new math. Lose jobs and the unemployment rate goes down???