California’s Jobless Rate Sinks to 8.6%, Lowest Level Since 2008

California’s unemployment rate tumbled to 8.6% in May from 9% in April, falling to its lowest level since November 2008, the Bureau of Labor Statistics reported Friday.

The state’s employers added 10,800 net jobs to their payrolls last month. The hiring was nearly across the board, with the biggest gains in the leisure and hospitality sector, which added 9,000 jobs….

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