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Free Republic & abc: 2 out of 5 are jobless in California
2 out of 5 are jobless in CaliforniaAssociated Press ^ | September 06, 2009 Posted on Mon 07 Sep 2009 04:31:34 PM EDT by george76 two of five working-age Californians do not have a job, underscoring the challenges in one of the toughest job markets in decades. "The recession has been so severe that California now has approximately the same number of jobs as it did nine years ago, when the state was home to 3.3 million fewer working-age individuals," Jean Ross, executive director of the California Budget Project, recommended Congress adopt a second extension of unemployment insurance benefits. Ross also urged California lawmakers not to make deeper budget cuts that could exacerbate the recession. Gov. Arnold Schwarzenegger's administration has projected the state will face a $7 billion to $8 billion deficit for the 2010-11 budget, but analysts have projected that it could be double that amount. Asked to explain the difference between her unemployment figure and the government's, Ross said the government's official jobless rate does not factor in working-age Californians who stay out of the work force by choice, such as stay-at-home parents, or those who have simply given up searching for work. Taking those people into account, she said, translates to a 57.5 percent employment rate for the state... (Excerpt) Read more at abclocal.go.com ... Posted by: 3dc 2009-09-07 |
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