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| Economy |
| Unemployment in California at 12%, Highest in Nearly 70 Years |
| 2009-09-20 |
| California's unemployment rate in August hit its highest point in nearly 70 years, starkly underscoring how the nation's incipient economic recovery continues to elude millions of Americans looking for work. While job losses continue to fall, the state's new unemployment rate -- 12.2 percent, according to the Bureau of Labor Statistics -- is far above the national average of 9.7 percent. |
| Posted by:Fred |
| #7 Jingle Mail and Bug Out. |
| Posted by: Bright Pebbles 2009-09-20 17:43 |
| #6 NMBS - from what I've observed it would have to come back a LOT for some there to bail. $500K for a 1,000 sq.ft. home in Compton, California? C'mon. |
| Posted by: Woozle Uneter9007 2009-09-20 14:36 |
| #5 Please just let the housing prices come back a little and watch how many of us bail. A lot of what's left are just itching to just ship as we have watched the democrats utterl destroy everything about California. Truly we have ruined paradise and I will be sad to leave. But this state is lost. |
| Posted by: NoMoreBS 2009-09-20 12:13 |
| #4 "Punishing the productive and rewarding the non-productive will lead to [high unemployment] eventually." Too true, P2k. Since punishing the productive and rewarding the non-productive is DemocRat default mode, one has to wonder where they think they're going to get all the money to reward the non-productive (including themselves) as they force fewer and fewer people to be productive. Oh, wait - I know. They're going to get it off the Magic Money Tree™ out back just like they're sure everybody else does.... |
| Posted by: Barbara Skolaut 2009-09-20 10:31 |
| #3 Given the anti-business environment they've put in place don't expect any quick turn around. Once the doors close, it's easier to restart elsewhere. Punishing the productive and rewarding the non-productive will lead to this eventually. |
| Posted by: Procopius2k 2009-09-20 08:32 |
| #2 You need more debt and taxes to pay for this debt. |
| Posted by: Bright Pebbles 2009-09-20 05:48 |
| #1 Yup, it's bad here. Soon there won't be anyone left but public employees, illegals and the Argentine ants. |
| Posted by: Iblis 2009-09-20 01:52 |