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| Economy |
| Free Republic & abc: 2 out of 5 are jobless in California |
| 2009-09-07 |
| 2 out of 5 are jobless in California Associated Press ^ | September 06, 2009 Posted on Mon 07 Sep 2009 04:31:34 PM EDT by george76 two of five working-age Californians do not have a job, underscoring the challenges in one of the toughest job markets in decades. "The recession has been so severe that California now has approximately the same number of jobs as it did nine years ago, when the state was home to 3.3 million fewer working-age individuals," Jean Ross, executive director of the California Budget Project, recommended Congress adopt a second extension of unemployment insurance benefits. Ross also urged California lawmakers not to make deeper budget cuts that could exacerbate the recession. Gov. Arnold Schwarzenegger's administration has projected the state will face a $7 billion to $8 billion deficit for the 2010-11 budget, but analysts have projected that it could be double that amount. Asked to explain the difference between her unemployment figure and the government's, Ross said the government's official jobless rate does not factor in working-age Californians who stay out of the work force by choice, such as stay-at-home parents, or those who have simply given up searching for work. Taking those people into account, she said, translates to a 57.5 percent employment rate for the state... (Excerpt) Read more at abclocal.go.com ... |
| Posted by:3dc |
| #8 Los Angles Police - They Shall Not Pass! |
| Posted by: 3dc 2009-09-07 18:42 |
| #7 Importantly, this means several things not mentioned in the article. To start with, unemployed people "use stored fat" for a while, that is using savings, investments, the selling of their assets, credit, and what their relatives will give them. But if they do not get jobs when they run out, they are much more destitute. And because of the insidious Bankruptcy Act of 2005 (BAPCPA), many people will not be allowed to set aside their debts, even if they are barely hanging on. Since they can no longer live in California, the big question becomes where will they go? The California legislature will support illegal aliens to the bitter end, even at the cost of citizens. |
| Posted by: Anonymoose 2009-09-07 18:25 |
| #6 "I just had a discussion with a leftist friend who said the rich ... should pay %99 in taxes.... he was an exec" If he was executive, 3dc, then obviously he was rich (as least before he was laid off). Next time you see him, ask him if he paid 99% of his income in taxes, and if not, why not. Stand back, though, in case his head explodes.... |
| Posted by: Barbara Skolaut 2009-09-07 18:16 |
| #5 at City of SD, our Development Services (building permits/inspection/planning) is about to lay off up to 90 people.... |
| Posted by: Frank G 2009-09-07 17:41 |
| #4 I just had a discussion with a leftist friend who said the rich (he's recently laid off so I assume he means anybody with more than him) should pay %99 in taxes and everything on the internet should be taxed. BTW... he was an exec with CNA insurance a problem company. |
| Posted by: 3dc 2009-09-07 17:32 |
| #3 Which means in the small minds of the legislatures in Sacramento that since there are fewer employed those must pick up a bigger portion of the tax bill, while they increase the size of government and government programs. |
| Posted by: Procopius2k 2009-09-07 17:16 |
| #2 Can't they just give everyone on job on the State payroll? Oh, and raise the minimum wage. |
| Posted by: SteveS 2009-09-07 17:10 |
| #1 I know several qualified smart people who just cannot find work here. Luckily (*knocks on wood*) I and my family are employed. This is the worst unemployment since I got out of college mid '83 - there were no jobs then, either |
| Posted by: Frank G 2009-09-07 17:03 |