From The Los Angeles Times:
The U.S. Labor Department says California lost 63,700 jobs in April. But the unemployment rate drops to 11% from March's 11.2%, and one economist sees joblessness leveling off.
This shouldn't be much of a surprise particularly with Obama's stimulus funds making its way through state economies. The question is how much will it level off and will the stimulus funds create the amount of jobs that the Administration forecasted?