California loses 29,200 jobs in May, a blow to recovery

The L.A. Times reports:

California's economic recovery stumbled in May as employers shed 29,200 jobs from payrolls, a surprisingly large loss in a state that had been on the mend. The state's unemployment rate still dropped to 11.7%, from 11.8% the month before, according to numbers released this morning by the federal Bureau of Labor Statistics.

The numbers follow a slate of bad economic news throughout the country. The nation added just 54,000 jobs in May, and its unemployment rate grew to 9.1%. The previous three months, it had added an average of 220,000 jobs a month. Home prices have dropped in California and the nation to surprising lows as sales slow.

Can you say recession in California???