Just a few years ago, California was hemorrhaging tens of thousands of jobs and had one of the highest unemployment rates in the nation.
But on Friday the Golden State reached a turning point: Helped by a recovering housing market, its jobless rate plunged to 8.6% in May, down from 9% in April and the lowest level in nearly five years. The improved economy has cut the number of unemployed Californians to 1.5 million from a peak of 2.3 million in 2010….
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