California jobless rate drops to 11 percent

May 22, 2009 12:00:00 AM PDT
California's unemployment rate dropped slightly from last month's modern record, falling to 11 percent in April. -----------------------------------------------------------------------------------------------
www.edd.ca.gov
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The state Employment Development Department says the jobless rate fell from 11.2 percent in March. But it is up from just 6.6 percent a year ago.

The news comes as the national unemployment rate continues to rise, increasing from 8.5 percent in March to 8.9 percent in April.

Stephen Levy, senior economist at the Palo Alto-based Center for Continuing Study of the California Economy, says the slight decline is a false signal that economic recovery has begun.

He says the state's economy dropped deeper into recession last month, with continued declines in construction, manufacturing and trade jobs. But he sees hope for a recovery beginning later this year.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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