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California jobless rate dips below 10 percent

California's jobless rate dipped below 10 percent last month for the first time since the recession began, the state announced Friday, signaling that the state's economy may have finally turned the corner.

By Don Thompson | Updated on December 21, 2012

SACRAMENTO, Calif. (AP) — California’s jobless rate dipped below 10 percent last month for the first time since the recession began, the state announced Friday, signaling that the state’s economy may have finally turned the corner.

The 9.8 percent unemployment rate reported by the Employment Development Department is down from 10.1 percent in October.

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