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California adds 41,500 jobs in October; unemployment rate holds at 7.3%
California adds 41,500 jobs in October; unemployment rate holds at 7.3%

California employers returned to hiring in October, adding 41,500 nonfarm payroll jobs after making unexpected cuts the previous month, according to official state numbers. California added more jobs than any other state, including Texas, which added 35,200 jobs. The state has increased employment 2.1% over the last year, outpacing the national average. The October upswing in hiring follows a revised decline of 14,200 jobs in September — a more drastic drop than the originally reported 9,800 jobs lost, according to the state Employment Development Department. Most economists described September's plunge, coming after a streak of job gains starting in January, as a...

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