California's unemployment rate dips

California's unemployment rate dipped below 12% in September, and nearly 12,000 new jobs were created.

The jobless rate fell to 11.9%, from 12.1% in August, and was the best performance since June.

"I'd say it's a good gain in jobs, better than what we've been getting," said Howard Roth, the chief economist with the state Department of Finance.

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-- Marc Lifsher, Los Angeles Times

Photo: Job searchers flip through listings at the Verdugo Jobs Center. Credit: File photo

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