Double Whammy on the unemployment since tax revenues will probably drop and the state needs all the money it can get. CA has some rough times ahead.
On Fri, Feb 27, 2009 at 3:12 PM, Jerry Johnson <jmi...@gmail.com> wrote: > > http://www.sacbee.com/1089/story/1658995.html > > State jobless rate top 10 percent -- worst since 1983 <javascript:void(0)> > By Dale Kasler > dkas...@sacbee.com > Published: Friday, Feb. 27, 2009 - 11:18 am > Last Modified: Friday, Feb. 27, 2009 - 11:45 am > > California's unemployment rate has crashed through the 10 percent barrier. > > Statewide unemployment jumped to 10.1 percent last month, the state > Employment Development Department said today. That was an increase from 8.7 > percent and represented the highest rate since May 1983. > > In addition, newly revised numbers show the state lost jobs at a far > swifter > rate than previously believed. While it was earlier reported that the state > lost 257,000 jobs in 2008, the new numbers peg the job loss at nearly > 462,000. > > "The recession is worse than we thought," said Howard Roth, chief economist > at the state Department of Finance. > Local unemployment for every region in the state, other than Los Angeles, > won't be released until next Thursday because of delays in revising the > 2008 > data, state officials said > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:290075 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
