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California loses 9,800 jobs in September but jobless rate falls to 7.3%
California loses 9,800 jobs in September but jobless rate falls to 7.3%

California officials said employers in the state cut their payrolls by 9,800 jobs last month, a drop that baffled economists, who say the figure belies the underlying strength of the state's economy. Experts widely viewed the disappointing jobs numbers as a statistical anomaly, particularly since the state has posted consistent job gains for seven months that have outpaced the national average. The report from the state Employment Development Department separately showed that the unemployment rate fell to 7.3% in September from 7.4% in August, the lowest in more than six years and a drop from 8.1% at the beginning of the year. "This was a good news month with one very strange...

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