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California jobless rate falls to 8% after adding 58,800 net new positions
California jobless rate falls to 8% after adding 58,800 net new positions

California's economy perked up in February, adding 58,800 net new jobs and gaining some momentum after a lackluster showing the month before. The job gains helped push the unemployment rate down to 8% from 8.1% in January, the state's Employment Development Department reported Friday. "California employment is coming back very nicely after a bump in the month of January," said Sung Won Sohn, an economics professor at Cal State Channel Islands. "We are seeing more and more cylinders in the economic engine firing." Economists had worried that a surprising loss of jobs in January spelled trouble for this year, but many now dismiss those results as an anomaly. California captured about a...

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