California unemployment rate jumps to 8.2 percent, third highest in U.S.
By on Nov 22nd, 2008 at 1:50 pm
California unemployment rate jumps to 8.2 percent, third highest in U.S.
The LA Times reports that California’s unemployment rate soared to a 14-year high in October, hitting 8.2%. The most populous state “shed 26,400 people from its payroll last month, raising the total number of lost jobs to 101,300 since October 2007.” Analysts predict “the situation is about to get worse.” The state’s rate ranks third in the U.S., exceeded only by those of Michigan and Rhode Island, at 9.3% each.
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Arnie should be in deep trouble politically.
November 22nd, 2008 at 1:53 pmWe don’t have a Govenor right now. Arnie is looking for a job right now. He’s sucking up to Obama and asking Maria to use the Kennedy name to get him employment. While Californians are in deep debt Arnie is now looking to spy for the RNC. RNC pushed Arnie in as Govenor when they wanted to keep the money they stole with Enron. Now the RNC has no leader Arnie is doing his best acting job, which is really poor but he is now looking to be one of the 8.2 per cent.
November 22nd, 2008 at 2:02 pmStewarjt,
May be a recall is needed now.
November 22nd, 2008 at 2:03 pmThat’s what Arnie gets for endorsing McCain and calling Obama scrawny.
¶ AIO
November 22nd, 2008 at 2:04 pmRepublican Congressman Darrell Issa paid for the last recall (almost by himself). Who would pay for a recall vote of Issa’s recall election winner?
November 22nd, 2008 at 2:07 pmThats what those morons get for elecing dur gropenator
November 22nd, 2008 at 2:23 pmAfter their diligence in killing proposition 8, maybe the Mormons will cough up another $20 million to help the unemployed in California? Of course I believed in the tooth fairy until I was 9 years old.
November 22nd, 2008 at 2:27 pmCalifornia unemployment rate jumps to 8.2 percent, third highest in U.S.
In what sectors, besides housing construction? Aircraft manufacturing here has been going full bore since August.
The company I work for just hired about ten new people in the last two months, and we’re currently working 60 hour weeks.
Strange, that we’d be nearly the only sector still going strong, after the gas price shocks last summer.
November 22nd, 2008 at 2:41 pmCalifornia unemployment rate jumps to 8.2 percent, third highest in U.S.
– - It’s higher than that. I know several people here in LA that have been unemployed from between one year and five years.
November 22nd, 2008 at 2:41 pmA large number of gays going there to marry, and who stayed in your hotels, ate in your restaurants, and bought your goods won’t be visiting anymore. Prop 8. rather dumb move there California.
November 22nd, 2008 at 2:42 pmMormons are economical opportunists. They may well make further inroads into California as they have in Arizona and other western states. They have money enough to take advantage of struggling business and industry.
November 22nd, 2008 at 2:42 pmFYI just about anyone can initial a ballot initiative in CA. All you need is the big bucks to hire crews to collect signatures and come up with a misleading and catchy title. Initiatives have been the legislatures way to pass the buck on controversial proposals since Adam was a babe.
As to LDS taking over the state, don’t hold your breath. We’re more secular here then most states and especially the bible belt states. Several years ago a fast growing faith based janitorial company was forced to hire those who didn’t meet their bullshit religious litmus test.
Yeh, we’ve got our fair share of dim wit voters, BFD.
Don’t like CA, stay home.
November 22nd, 2008 at 3:10 pmThe WAR CRIMINAL, Bush’s legacy…
November 22nd, 2008 at 3:18 pm“Don’t like CA, stay home.”
All I was saying that a state that has a huge amount of jobs related to tourism, the whole Prop 8 business(besides it being wrong to deny people their rights) was dumb from an economic standpoint.
I was in California twice this year (for work)
November 22nd, 2008 at 3:23 pmI think we all know that there problem here is really that schwarzenegger governor they have
November 22nd, 2008 at 3:40 pmBushie: Don’t like CA, stay home.
And all I was saying that Mormans could make inroads, I wasn’t prognosticating they would take over.
November 22nd, 2008 at 3:44 pmI love California. I make a lot of money every time I go there.
I’m a firefighter.
lets look for anarchy in the streets of LA and other cities as people become desparate. And of course trends begin on the west coast and spread eastwards.
This is the end of America as we know it.
November 22nd, 2008 at 4:30 pmMy home, Lee County in southwest Florida has the highest rate of unemployment in the state: 9.6%.
November 22nd, 2008 at 4:40 pmCalifornians have been initiating recall efforts since that law came on the books. The last time I checked, there was a recall effort in effect for Ahnuld.
California is also now not only one of the states hardest hit by the mortgage crisis, but the fallout now caused by the credit crunch in the financial sector. With 24 Circuit City stores closing in the state and Mervyn’s going out of business, that is feeding those growing unemployment numbers.
What should help stem the unemployment figure is the passage of Prop 1a, which will start construction on high speed railways for much need infrastructure development.
November 22nd, 2008 at 4:50 pmPhucking lazy American workers. If they would just accept the jobs they don’t want and make a third world type of wage, unemployment would go down. *snark*
I say lets continue the Bush tax cuts for the wealthy so they can continue to stimulate the economy!
Force congress to sign more unfavorable trade agreements with Columbia, Peru and South Korea so that their cheaply made products can be sold here in the USA and more of our corporations can move manufacturing jobs overseas!
Lets give another $700 billion dollars to the banksters and Wall street so that they can buy out smaller banks and have a monoply on our banking institution, just like the Oil companies have. That worked out great for the American people didn’t it?
In closing we really are a nation of whiners. All of us who have no jobs, lost our homes, have no healthcare, watching family members dying because they can’t afford an operation, are dumpster diving for tomorrows lunch…whiners, whiners, whiners. *snark*
November 22nd, 2008 at 5:29 pmI am sort of interested on Tracy_5’s thoughts on this.
November 22nd, 2008 at 5:50 pmon in whatever…
November 22nd, 2008 at 5:56 pmbarfly Says:
——————————————————————————–
California unemployment rate jumps to 8.2 percent, third highest in U.S.
In what sectors, besides housing construction? Aircraft manufacturing here has been going full bore since August.
The company I work for just hired about ten new people in the last two months, and we’re currently working 60 hour weeks.
Strange, that we’d be nearly the only sector still going strong, after the gas price shocks last summer.
From the SFGate:
**It’s alarming since California’s economy is frequently measured against the world not the United States. It has been said we have (had?) the fourth or fifth largest economy in the world. As goes California so goes the globe?
November 22nd, 2008 at 6:03 pmnumber 23
The strongest payroll sectors continue to be educational and health services, and leisure and hospitality. Nearly 1.7 million Californians work in education or health, up 3.1 percent over last October. Employment in leisure and hospitality has risen 0.5 percent since October 2007 putting payrolls at about 1.6 million.
who/what will support this public service bonanza ? Is there any manufacturing activity left in CA?
November 22nd, 2008 at 6:16 pmPretty interesting article from the New Republic on the auto industry bailout.
http://www.tnr.com/politics/story.html?id=a4893b49-36df-4784-9859-2dfa3a3211bf
November 22nd, 2008 at 8:10 pmWe are in the process of leaving Calif. Will relocate to Colorado. Hopefully, things are better there. Calif. is going down the toilet. Over regulated, high taxes, too many illegals weighing down the services. What a mess. The state legislature bears a lot of the responsibility, a governator can only do so much. No, I did not vote for Arnold. Personally, I think the state is ungovernable.
November 22nd, 2008 at 8:12 pmFark U, California, we here in the mitten state rule! Unemployment, YAH!!
‘Scuse me, I’m just a bit off from selling my blood today…
November 22nd, 2008 at 10:32 pmNo offense to you, barfly, didn’t know you live in Cali. Must find orange juice and cookie now. Unemployment! yaaahh….snore
November 22nd, 2008 at 10:40 pmI wonder what the real unemployment rate is in Cali, probably a lot higher then you guys think since we don’t count all the unemployed. Maybe the unemployment rate is closer to 9%. That is really bad.
Now, construction did get out of hands in California and the working migrants, speculators and bad mortgages did make the situation worse too. You had such a cheap and plentiful pool of labor from S. America and a huge pool of dumb mortgage applicants and the speculators to drive all this….and you had a mixture of disaster for the future of the construction industry. Too many houses going up and that eventually had to crash.
What is the diagnoses? Regulate the speculation in the real estate market, create guest worker program for migrants based on labor shortages, and go back to the old 20% down payment and good credit requirement for mortgage applicants.
Slow and steady wins the race.
November 23rd, 2008 at 11:39 am