California employers added just 5,500 jobs in November, according to federal data — a significant slowdown from more robust monthly gains earlier in the year.
But the state unemployment rate continued its five-year-long decline, dropping to 5.7% in November, the lowest in eight years. The U.S. unemployment rate is 5%.
November’s tepid job increases were the lowest one-month jump in more than four years, and far less than the 40,600 job gains the state posted in October.
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