The November 2012 state unemployment report brought some welcome good news to California. California's overall unemployment rate dropped below 10% for the first time since the start of the recession, thanks to strong job growth in parts of California and thanks to some job seekers dropping off the official count. Tempering the good news, actual payrolls dropped by 3,800 compared to October, 2012.
California's unemployment rate dropped by 0.3% from October 2012. However, California's unemployment rate stubbornly remains the third highest in the nation, ahead of only Rhode Island and Nevada (who is heavily dependent upon a healthy California economy). California's overall unemployment rate remains well above the national average.
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