California adds 41,200 jobs in October; unemployment rate dips to 5.8%

November 20, 2015 5:21 PM

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California employers added 41,200 net jobs in October, a significant increase from more sluggish growth reported a month earlier, according to federal data.

The state unemployment rate in October fell to 5.8%, down from 5.9% in September and the lowest since October 2007.

Also read: Fed’s Kaplan Expects 3 Rate Rises This Year, but Says More May Be Needed

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