Unemployment Falls in Two-Thirds of All States: Exception -- California

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The unemployment rate fell in two-thirds of the nation's states last month, the latest evidence that the strengthening economy is encouraging many employers to boost hiring.

The Labor Department said Tuesday that the unemployment rate dropped in 34 states in March. That's the largest number of states to record a decline since June. The rate rose in seven states.

Texas added 37,200 net jobs in March, the most of any state. It was followed by Missouri and Florida, both of which reported strong gains. California lost 11,600 net jobs -- the most of any state. Connecticut, Louisiana, Maryland and Maine all had large job losses, too.

California lost 11,600 net jobs -- the most of any state. And that was before the state decided to dramatically increase utility rates between now and 2020. Companies who use lots of electricity -- like technology firms, server farms, etc., -- will have to make a decision to pay higher rates to stay in California or move elsewhere. This is not rocket science.