The California economy cooled a bit in May as employers added just 5,500 net jobs. The unemployment rate held steady at a record low of 4.2%, according to data released Friday by the state’s Employment Development Department.
The numbers reflect a slowdown from April, when the state added 25,600 jobs, according to Friday’s downward revision. Experts cautioned not to read too much into one month’s numbers and said the job market appears strong.
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