State’s Unemployment Rate Dips to Lowest Level in Almost Five Years
California’s unemployment rate fell to 8.6 percent in May, the lowest level since November 2008, according to the U.S. Bureau of Labor Statistics (BLS).
That represented what the BLS termed a “statistically significant” change of -0.4 percent from April’s rate of 9 percent. The state also has seen a reduction in unemployment of -2.1 percent since May 2012, the largest drop in any state in the country.
Over the past year, California has added over a quarter-million jobs, according to the BLS.
Also, the state’s Employment Development Department reported that the following counties were among those where unemployment rates remained below the state average in May:
- Sacramento 8.0 percent
- Alameda 6.8 percent
- Contra Costa 6.7 percent
- Santa Clara 6.2 percent
- San Francisco 5.2 percent
- San Mateo 4.9 percent
- Marin 4.5 percent