California Unemployment Rate Falls to 5.2% in June, Lowest Since May 2024

California's jobless rate ground down to its lowest level in more than a year even as employers trimmed payrolls for a second straight month, exposing a widening split between a tightening labor pool and a hiring market that has downshifted into neutral. California's unemployment rate dropped to 5.2 percent in June, its lowest reading since […]