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Calif. Unemployment Down Slightly in March, But Fewer Jobs Too


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(Sacramento, CA)
Friday, April 15, 2011

The state's unemployment rate started out the year at 12.5 percent.  Now, it's down to 12.0 percent, after dropping a tenth of a point from February to March.

Levenson: "That is a real improvement and one that we should not be ashamed of.  It is, unfortunately, still extremely high unemployment."

Alec Levenson is a labor economist at USC's Marshall School of Business.

Levenson: "Yes, we are creating jobs, but we're not creating them at anywhere near the pace we need to."

In fact, the state actually shed jobs last month - down 11,600, after adding nearly 100,000 in February.  But don't take any individual month's stats too seriously.  Instead, Levenson says, look to the general trend, which shows steady-but-far-too-slow progress.