Friday, April 20, 2012
What looked like a setback in California’s economic recovery might have only been a temporary lull.
Not only did California add 18,000 jobs in March. What's more, February's original 4,000 job gain was revised all the way up to nearly 40,000. That's welcome news after a lousy January, when the state only picked up 1,500 new jobs.
The unemployment rate actually grew a tenth of a point last month… to an even 11 percent. But that's likely due to previously-discouraged workers re-entering the workforce.
About a quarter of California counties have single-digit jobless rates - led by Marin at seven percent and San Mateo at seven-and-a-half. Orange and San Francisco counties are also doing well, at a shade over eight percent. Colusa and Imperial have the worst unemployment rates - at more than 26 percent.