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CALIFORNIA ADDS JOBS AS ITS UNEMPLOYMENT FALLS TO 5.2%


California’s job growth continued in May as employers added 15,200 people to their payrolls, according to a state data release.The state’s unemployment rate ticked down for the fifth month in a row, hitting 5.2%, still higher than the national rate of 4.7%, the Employment Development Department said Friday.The gain was slight compared with April, when the state added 70,000 jobs, revised upward from an initial estimate of 59,600. Part of the reason unemployment declined may be that, for the first time in years, the state labor force shrank last month. About 9,000 Californians dropped out of the job market in May.

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