State unemployment rate drops to 9.8 percent in November
SACRAMENTO (KABC) -- California's unemployment rate dropped below 10 percent in November, the lowest it's been in almost four years.
The Employment Development Department reported Friday that the unemployment rate fell to 9.8 percent in November, a decline of 0.3 percentage point from October.
The rate hasn't dropped into the single digits since January 2009, when the rate was 9.7 percent.
Leading economists had wrongly predicted that California's unemployment would remain in double digits through 2013. The update signals that California's economy may have finally turned the corner.
The department said California has added more than 564,000 nonfarm payroll jobs since the recovery began in 2010.
The number of Californians working was near 14.4 million, according to the report Friday, despite a decrease of 3,800 jobs since October.
"It's continuing the trend," department spokesman Kevin Callori said. "It's a respectable pace for growth and an expanding economy."
The Associated Press contributed to this report.
california, economy, jobs, unemployment, business
- Target probe focuses on processing centers
- Fallbrook tour bus crash: Victim identified 28 min ago
- Obama: 2014 can be breakthrough year for US
- Help Garth stuff buses full of toys in Anaheim
- Torrance donut shop robbery: Suspect sought
- Man found dead after house fire in Orange
- 405 accidents snarl Sepulveda Pass commute
- Harry Reid in the hospital for observation
- Judge strikes down Utah's same-sex marriage ban 47 min ago
- abcnews: Service dog sniffs out girl's disease
- London theater collapse: Aging venues safe?
- Casey Kasem conservatorship deal reached 56 min ago
- 9-yr-old FL girl is youngest to bowl 300 game 9 min ago
- OTRC: Phil Robertson's fam talk 'Duck Dynasty' future