On Obama's watch: California sets record 12.6% jobless rate
Chief Egalitarian
California jobless rate swells to 12.6 percent
Apr 16 01:13 PM US/Eastern
By DON THOMPSON
Associated Press Writer
SACRAMENTO, Calif. (AP) - California's unemployment rate hit a modern record
of 12.6 percent in March, though it rose only a fraction over the previous
month, the state Employment Development Department reported Friday.
Non-farm payroll jobs increased by 4,200 as the economy shows signs of life.
It was the third consecutive month that California added jobs, gaining
32,400 jobs so far this year.
More than 2.3 million Californians remained unemployed, with 362,000 more
people jobless than a year ago.
California's jobless rate grew from 12.5 percent in February after holding
steady for a month. The rate was 10.6 percent in March 2009.
Howard Roth, chief economist for the state Department of Finance, said the
unemployment rate appears to be at or near its peak.
It was the first time since mid-2007 that the state saw job gains for three
consecutive months. The department previously had reported a job loss in
February, but revised those numbers Friday based on new data.
"I think this is for real," Roth said of the economic rebound. "We're seeing
it in other statistics as well, personal income, taxable sales and housing
prices."
The state lost an average of 115,000 jobs a month in the first quarter of
2009, compared with gains each month this year. There was growth in five of
the 11 jobs sectors in March: mining and logging, manufacturing, education,
health services and hospitality.
"It's a sign that people are at least feeling there are jobs, and they can
actually look for a job," said Kevin Callori, spokesman for the Employment
Development Department.
The construction, information, government, financial and professional
services sectors lost jobs last month.
Roth expects the state's unemployment rate to remain high through 2011 in
part because more people will start looking for jobs but may not find them
right away. He noted the national unemployment rate, which remained
unchanged at 9.7 percent in March, was down from its peak of 10.1 percent in
October.
Gov. Arnold Schwarzenegger said he is encouraged but said in a statement
that the state needs to focus on training employees and giving employers
incentives to hire them.
Michigan leads the nation with a 14.1 percent unemployment rate, followed by
Nevada at 13.4 percent.
California was tied with Rhode Island for the third-highest jobless rate.
Gunner Asch
<Egal@legal_egal.law> wrote:
>http://www.breitbart.com/article.php?id=D9F49LEO0&show_article=1
>
>California jobless rate swells to 12.6 percent
According to state sources..its closer to 30%, given the numbers of
people who expired their unemployment and are no longer on the rolls.
"First Law of Leftist Debate
The more you present a leftist with factual evidence
that is counter to his preconceived world view and the
more difficult it becomes for him to refute it without
losing face the chance of him calling you a racist, bigot,
homophobe approaches infinity.
This is despite the thread you are in having not mentioned
race or sexual preference in any way that is relevant to
the subject." Grey Ghost
Cheney, Dick
Residue from "The Great Bush Depression."
Nicholas
That's not counting all the people who aren't on the radar screen
anymore because their benefits have run out. Or they've given up and
stopped looking for work.
Chief Egalitarian
"Cheney, Dick" <perry...@hotmail.com> wrote in message
news:728938b4-7e4f-4986...@s22g2000vbb.googlegroups.com...
> By mid-2011 the NATIONAL unemployment rate will be at 13.5 percent.
>
> Residue from "The Great Bush Depression."
>
Bush just barely escaped having a recession on his watch. It's Obama's
Depression now. Rome burns while Obama puffs his crack pipe.
cavelamb
I must admit, I've often wondered if the GOP didn't intentionally
do a little side step to let the Democrats take this one in the shorts.
--
Richard Lamb
http://www.home.earthlink.net/~cavelamb/
Wes
Actually, I think Sen Schumer did his best to have this start during President Bush's
term. http://latimesblogs.latimes.com/money_co/2008/07/sen-charles-e-s.html
Wes
Gunner Asch
<VBG>
They did, indeedy.
And the Dems, as predicted..fucked up their chance to show their stuff.
Well..they did "show their stuff"...and as expected..was "less than
optimal"
Chuckle
Gunner