A recent blog in the Los Angeles Times relayed that California's unemployment fell during April, as a significant number of jobs were added.
At the end of the month, the rate of those without jobs was 11.9 percent, which is down 0.5 percent year-over-year. During April, 8,900 jobs were added, which brought the total number to 144,200 since April 30, 2010.
Nationally, unemployment figures have been dwindling, as a recent report relayed that roughly 244,000 jobs had been added during April alone. This figure makes California's number seem small, although it is still important. If the state keeps pace with the national average, it would need to add 12,500 jobs per month to maintain the growth.
While California's rate was down during the month, it still has the second-highest percentage in the country behind Nevada at 12.5 percent, the Bureau of Labor Statistics relays.
The high unemployment rate is also directly linked to the state's real estate market. With more jobs being created, the potential of increased sales activity exists, especially for younger entrants to the labor force that could seek relocation from parents' or friends' homes.