8.21.2009

Not Good

 

California’s unemployment rate rose to 11.9 percent in July, the state Employment Development Department announced August 21.

 

The United States unemployment rate fell to 9.4 percent in July. 

 

In June, the state’s unemployment rate was 11.6 percent. In July of last year, the unemployment rate was 7.3 percent. 

 

Gov. Arnold Schwarzenegger said this:

 

“These numbers indicate that we must do everything possible to get California moving forward again. We must fix what is broken in this state – whether it is our water infrastructure, our prisons and pensions systems or updating our tax structure – these are the critical issues that need to be addressed to rebuild the Golden State. These reforms along with our on-going efforts to jumpstart the economy and put Californians back to work will ensure that our state is on a direct path to recovery.”  

 

Look for more for double-digit billions budget bad news when the state conducts its next revenue forecasts this October that form the basis for the GOP governor’s January budget proposal. 

 

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Filed under: Budget and Economy



4 Comments »

  1. None of the Governor’s stated solutions provide one new private sector job or encourage a business to locate in CA. Until we develop a plan to attract new employers, the proposals to change the political process or revise the tax system are just more political and publicity drills to focus attention away from the real economic problems.

    Comment by tired — 8.21.2009 @ 1:54 pm

  2. To see all the state unemployment rates, go to:

    http://www.bls.gov/news.release/pdf/laus.pdf

    There you will discover that one of the few states with a higher unemployment rate than California’s is (roll the drums!)… Nevada. Yes, that is the very same Nevada that advertises how business-friendly it is with no income tax, etc., as at:

    http://www.youtube.com/watch?v=hNaQxq7Ii-8

    Comment by D Mitchell — 8.21.2009 @ 3:56 pm

  3. You can find the U.S. Bureau of Labor Statistics press release containing unemployment rates for all states at:

    http://www.bls.gov/news.release/laus.nr0.htm

    Note that one of the few states with a higher unemployment rate than California is Nevada at 12.5%. Yes, that is the same Nevada that has been running TV ads aimed at attracting businesses from California, touting its lower taxes, etc., as a sign of a friendlier business climate.

    Comment by D Mitchell — 8.26.2009 @ 2:03 pm

  4. we move slowly to the recovery of reccession

    Comment by recovering data — 9.14.2009 @ 7:52 pm

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