California unemployment rises to record 11.5%

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California unemployment rises to record 11.5% in May

Only four states have higher unemployment rates than California. The national jobless rate is 9.4%.

California's unemployment rate in May hit 11.5% -- its highest level in more than three decades.

The state lost 68,900 jobs in May as unemployment rose from a revised 11.1% in April and 6.8% in May 2008. This is the highest rate since the national record-keeping system began in 1976.

But for now, California continues to bleed jobs, more so than most of the rest of the country. The national unemployment rate for May was 9.4%, and only four states had higher jobless numbers than California: Michigan at 14.1%, Oregon at 12.4% and Rhode Island and South Carolina, tied at 12.1%.

California, which has 11% of the country's workforce, accounted for 1 out of every 5 jobs lost last month. The state has been vulnerable to paralyzing inactivity in fields related to real estate, including construction, financial services and home-related retail sales.


I can already see how the California legislature is going to fix this, higher taxes, more government spending, more government control
 
they should send a thank you note to their "Democrat" run government...and get ready for a slew of new taxes...
 
TuTu Monroe said:
Yep, they are screwing us.
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sorry dear, I didn't see you were from California...I lived there many moons ago and it was a great place then...it's really sad to see what state it is in today...you have my best wishes that California survives..:clink:
 
meme said:
they should send a thank you note to their "Democrat" run government...and get ready for a slew of new taxes...
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Umm this was well under way before Obama took control.

Unless it is all Pelosi's fault?

I guess you guys no longer want to modify the constitution so Ahnuld can become president?

"The state has been vulnerable to paralyzing inactivity in fields related to real estate, including construction, financial services and home-related retail sales."

All mostly related to the housing bubble and finiancial meltdown.
When much of your economic "growth" is based on a bubble things will fall apart. It is just a matter of when.
 
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meme said:
sorry dear, I didn't see you were from California...I lived there many moons ago and it was a great place then...it's really sad to see what state it is in today...you have my best wishes that California survives..:clink:
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The out of control spending on welfare programs and the illegals have crippled us.
 
uscitizen said:
Umm this was well under way before Obama took control.

Unless it is all Pelosi's fault?

I guess you guys no longer want to modify the constitution so Ahnuld can become president?

"The state has been vulnerable to paralyzing inactivity in fields related to real estate, including construction, financial services and home-related retail sales."

All mostly related to the housing bubble and finiancial meltdown.
When much of your economic "growth" is based on a bubble things will fall apart. It is just a matter of when.
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ummm, I'm talking about Caifornia Democrat run goverment..Arnold Kennedy has been hopeless and has turned into a girly man.... the state has been paralyzed because of all the strangling regulations, (thanks to the greenies) and high taxes,(thanks to the Democrats) and that has driven out productive businesses and people..and they pay for all illegal immigrants that goes there... the American citizens living there again can thank their Democrat run government that....
 
The extremely high cost of living in CA did not help things much.
You have to pay too much for labor. Cheaper to move your manufacturing business elsewhere.
 
Watermark said:
Conservatives are such obnoxious drama queens. Seriously, just fucking die. We'd be better off without you.
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talk about a drama QUEEN..

holysheep.gif
 
uscitizen said:
The extremely high cost of living in CA did not help things much.
You have to pay too much for labor. Cheaper to move your manufacturing business elsewhere.
Click to expand...

Thanks to all those social liberal taxes, a governor who refused to stand up to his democrat pals the enviro nuts, California's economy is in the proverbial toilet.

If Arnold had taxed Indian gaming and refused the enviro nuts from cutting off water to agriculture CA might have some revenue to help tide them through all the natural disasters and economic set backs.
 
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