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California Unemployment Rate Falls to Record Low of 4%

Associated Press

   SACRAMENTO, CALIFORNIA - Officials say California's unemployment rate
   fell to a new record low of 4% in September.

   The state Employment Development Department said Friday that employers
   added 21,300 nonfarm payroll jobs. That extended California's record
   job expansion to 115 months.

   The unemployment rate in August was 4.1%, matching the previous record
   low first set in 2018.

   The state's current period of job expansion tied the 1960s expansion
   when it reached 113 months.

   California has gained 3,348,900 jobs since the expansion began in
   February 2010.

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