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Fri Oct 19, 2012, 11:47 AM

California unemployment rate drops to 10.2% in September

SACRAMENTO -- California's unemployment rate fell to 10.2% in September from 10.6% in August, but just 8,500 net new jobs were created, according to the U.S. Department of Labor.

The national unemployment rate in September was 7.8%, its lowest level in 3 1/2 years.

But the Golden State's unemployment fell significantly from August a year ago when the rate was 11.7%. A total of 262,000 net new jobs were posted for the past 12 months, according to a survey of businesses.


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