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California Loses 29,200 Jobs In May

06/17/2011 03:50 pm ET | Updated Aug 17, 2011

California was hit with a dose of bad news on the jobs front this morning.

The state's employers shed 29,200 jobs in May even as the state's unemployment rate ticked down from 11.8 percent to 11.7 according to data from the Bureau of Labor Statistics

California has the nation's second highest unemployment rate after Nevada, which saw its percentage of jobless residents drop from 14.9 precent to 12.1, according to the Los Angeles Times.

The news comes after the country added just 54,000 jobs in May. That dismal figure caused the Obama administration to ramp up its talk of job creation and urge patience with the still struggling economic recovery.

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