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Author Topic: UPDATE 2-California unemployment rises to record 11.2 pct  (Read 1246 times)

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Offline thundley4

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UPDATE 2-California unemployment rises to record 11.2 pct
« on: April 18, 2009, 04:20:21 PM »
"SAN FRANCISCO, April 17 (Reuters) - California's unemployment rate rose to a record 11.2 percent in March and analysts expect job losses across most industries in the most populous U.S. state to increase through much of this year.

"This is the worst recession since the Great Depression and it's not over," economist Steve Levy said on Friday shortly after the state released its March unemployment report.
*snip*
California's increase in unemployment has outpaced the national rise also because the state's labor force has been growing quickly at the same time payrolls have been shrinking.

Over the past 12 months, 335,000 new job seekers joined the state's labor force and "became instantly unemployed," Levy said." Link

WTF?  All I have heard about is people leaving Califruitopia, where did these new "job seekers" come from?  Are illegal aliens standing around the Home Depot counted?
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Offline NHSparky

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Re: UPDATE 2-California unemployment rises to record 11.2 pct
« Reply #1 on: April 19, 2009, 06:54:27 AM »
Nope--it's worse than that even. 
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“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.”  -Henry Ford

Offline JohnnyReb

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Re: UPDATE 2-California unemployment rises to record 11.2 pct
« Reply #2 on: April 19, 2009, 06:56:30 AM »
Wasn't it San Fransissyco that was giving homeless druggies $800 a month for whatever? With an inducement like that and unemployment, a fellow could stay pretty high for a while.
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“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline NHSparky

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Re: UPDATE 2-California unemployment rises to record 11.2 pct
« Reply #3 on: April 19, 2009, 06:58:32 AM »
It's to the point where the "automated" system for filing claims is swamped and can't even keep up, so the actual figure might even be higher than this.

When you increase income taxes, sales taxes, fees, registrations, etc., don't be surprised when business ups and leaves ya, Cali--or did you not learn that in the early 90's?

Last taxpayer out, turn off the lights.
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“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.”  -Henry Ford

Offline JohnnyReb

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Re: UPDATE 2-California unemployment rises to record 11.2 pct
« Reply #4 on: April 19, 2009, 07:06:00 AM »
Quote from: NHSparky on April 19, 2009, 06:58:32 AM

Last taxpayer out, turn off the lights.

...and will the last illegal alien in please weed the garden.
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“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline Celtic Rose

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Re: UPDATE 2-California unemployment rises to record 11.2 pct
« Reply #5 on: April 19, 2009, 10:13:00 AM »
Quote from: thundley4 on April 18, 2009, 04:20:21 PM
"SAN FRANCISCO, April 17 (Reuters) - California's unemployment rate rose to a record 11.2 percent in March and analysts expect job losses across most industries in the most populous U.S. state to increase through much of this year.

"This is the worst recession since the Great Depression and it's not over," economist Steve Levy said on Friday shortly after the state released its March unemployment report.
*snip*
California's increase in unemployment has outpaced the national rise also because the state's labor force has been growing quickly at the same time payrolls have been shrinking.

Over the past 12 months, 335,000 new job seekers joined the state's labor force and "became instantly unemployed," Levy said." Link


WTF?  All I have heard about is people leaving Califruitopia, where did these new "job seekers" come from?  Are illegal aliens standing around the Home Depot counted?

A good portion of the new unemployed are probably high school and college graduates. 

Some sectors are pretty bad, and they just raised sales tax to 9.25% at the beginning of April.  For now, my grandparents are here, and they are getting older so I definitely want to stay near them.  Plus, my parents are here, I like living close to them.  My job is about as secure as it can be since I'm currently the lowest paid worker on my team, but I have high work quality, so I'm not too terribly worried, but I've lost some good coworkers to layoffs. 
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