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Jobless rate plunges in California

Posted By -NO AUTHOR- On 06/22/2013 @ 6:22 pm In Money,U.S. | No Comments

(Sacramento Bee) The unemployment rate in Sacramento and California registered a significant drop in May for the second consecutive month, but analysts cautioned that the steadily improving numbers conceal a large number of people who are working in low-wage jobs or who are no longer firmly attached to the workforce.

Their concerns included job gains attributed to a large number of self-employed people, gains in comparatively low-paying hotel and restaurant jobs and an unknown number of jobless, including college graduates, who are no longer counted because they have stopped searching for employment.

Still, the numbers released Friday were clearly encouraging.


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