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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on March 20, 2009, 12:26:05 PM

Title: California unemployment jumps to 10.5%
Post by: Bindare_Dundat on March 20, 2009, 12:26:05 PM
February jobless rate in the most populous state far exceeds national 8.1% unemployment rate.

SAN FRANCISCO (Reuters) -- California's unemployment rate increased to 10.5% in February from 10.1% in January as the most populous state's economy worsened, official data showed Friday.

California's February jobless rate far exceeded both the state's 6.2% rate a year earlier and the national unemployment average for February of 8.1%, according to the report by the state's Employment Development Department.

California lost 116,000 non-farm payroll jobs in February from January and 605,900 non-farm jobs from a year earlier, marking a 4% decrease in nonfarm payrolls, the report said
Title: Re: California unemployment jumps to 10.5%
Post by: Hereford on March 20, 2009, 01:53:23 PM
Where are all these 1 in 10 people who are suppose to be unemployed? I personally do not know of anyone who has lost their job. Cut back, waaay back in some cases, but no one I know has been dropped.

Logically a lot of people have been hit, but over 1 in 10?
Title: Re: California unemployment jumps to 10.5%
Post by: Soul Crusher on March 20, 2009, 02:02:41 PM
Quote from: Hereford on March 20, 2009, 01:53:23 PM
Where are all these 1 in 10 people who are suppose to be unemployed? I personally do not know of anyone who has lost their job. Cut back, waaay back in some cases, but no one I know has been dropped.

Logically a lot of people have been hit, but over 1 in 10?

Its not 1 in 10 since there are many peoiple are are not even in the employment picture.  Seniors, children, teens, etc..
Title: Re: California unemployment jumps to 10.5%
Post by: Hereford on March 20, 2009, 04:42:02 PM
What is the percentage of people who are not in the workforce. I think I saw it was around 50%?
Title: Re: California unemployment jumps to 10.5%
Post by: Hereford on March 20, 2009, 05:00:39 PM
Quote from: Hugo Chavez on March 20, 2009, 04:53:41 PM
Here's some charts for california with the labor force numbers:
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LASST06000003


San Benito County: 15.8 percent
Colusa County: 26.6 percent
http://www.freelancenews.com/news/254734-local-unemployment-rate-climbs-to-15.8-percent

Ha!! Colusa county is 30 miles from here! There is very little besides rice farming going on in that area. Lots of welfare-types there in town, that's probably what's making those numbers.