Posted on 04/17/2009 12:56:36 PM PDT by NormsRevenge
SAN FRANCISCO (Reuters) – California's unemployment rate rose to a record 11.2 percent in March and analysts expect job losses across most industries in the most populous U.S. state to increase through much of this year.
"This is the worst recession since the Great Depression and it's not over," economist Steve Levy said on Friday shortly after the state released its March unemployment report.
"We have at least six more months of job losses," added Levy, of the Center for the Continuing Study of the California Economy.
At 11.2 percent, California's jobless rate was well above the March national unemployment rate of 8.5 percent and at its highest level since the U.S. government began collecting state unemployment statistics, Levy noted.
California's unemployment rate last month also rose significantly from a revised 10.6 percent in the prior month and 6.4 percent a year earlier as job losses spread across most of the state's industries, Levy said.
He added that California is facing steep job losses at the same time its ranks of prospective workers swell.
(Excerpt) Read more at news.yahoo.com ...
Pick your suicide in Kaleeeforniyaaa..
Gubamintally induced
Chemically Induced
Media Induced
Union Induced
None of the Above
All of the Above
When all the Rich Folk has left the Socialists will have won.
Not to worry. The California government has found a solution to the unemployment problem — increase taxes.
Let me know how it works out.
Jack
The world that socialism built is leading the way, up up and away.
When the last of the workers decide to take the free money ...
Great link sent out that showed where jobs in the country are still growing and why Texas people are considering secession to keep from being dragged down into the cesspool created by the East and West Coast libs.
I attach what was sent. http://www.slate.com/id/2216238/
My 19 year old college student son in Thousand Oaks has been looking for part time work and said it is ‘stand in line, lots of applicants, and very few hired’ for a few months now.
Mexicans don’t pay no taxes!!
“When all the Rich Folk has left the Socialists will have won.”
Yep, just another socialist state in Mexico. Heck, I think their governor has already seceded. At least it would appear so from his complete rush toward socialism.
I bet its a bigger percentage. I wonder how many are government employees? They need to go since we can not afford them anymore
On the way to 82%. The remaining 18% are government employees.
gee - I wonder if $9 an hour minimum wage has anything to do with it?
article on FR today says illegal aliens were collecting the EIC....
California and Detroit are examples of the fruits of Democrat control. Makes you feel good about America’s prospects, doesn’t it?
I bet the state government isn’t laying anyone off!
15% by fall...
hh
It’s a few points higher in the Central Valley. IIRC, Merced was close to 19% a month ago. When Gottschalk’s numbers get factored in it will hit 20% imo. Malls are declaring bankruptcy too.
deport illegal aliens and:
reduce unemployment
reduce health costs
reduce education costs
reduce governmental services
reduce crime
and voila!!! - you are on your way - out of the pit
I will bet its that all ready knowing how the gubimment in SAC is prone to juice the figures. If they admit 11%+ its got to be worse. I would estimate 20% at least by fall and that's a low ball figure
Change You Can Believe In
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