From the Ventura County Star:
Jobless rate 4th highest in U.S.
On Labor Day 2009, what Californians need most is a lot more labor.
In its annual report on the state of working Californians, released today, the nonpartisan California Budget Project reports the job losses suffered during what is being called the “Great Recession” wiped out all the gains of the previous recovery and that the total number of jobs in the state is now roughly what it was nine years ago when there were 3.3 million fewer working-age adults.
“The current recession stands apart from prior downturns for both the depth and breadth of destruction in the job market,” the report says. “California has lost more jobs at a faster rate in the past two years than during any prior recession for which data are available, and employment has fallen in nearly every major sector of the economy.”
Because of the decline in the number of jobs coupled with growth in the labor force, the report finds that the percentage of working-age Californians who hold jobs has fallen to its lowest level in 32 years. Citing U.S. Bureau of Labor statistics, the report says just 57.5 percent of California adults are working.
And the State Government just keeps growing and growing, taxes keep going up. When will it end. The article does not mention how many people work for the state government.
Be sure to click on the Show Comments link at the bottom of the page. The comments are lively and include a lot of links to data.Posted by DaveH at September 7, 2009 12:59 PM | TrackBack