California Unemployment Rate Jumps to 10.1 Percent

[sharon sanders]

Associated Press

California unemployment rate jumps to 10.1 percent

California's unemployment rate jumped to 10.1 percent in January, the state's first double-digit jobless reading in a quarter-century.
The jobless rate announced Friday by the state Employment Development Department represents an increase from the revised figure of 8.7 percent in December. It also is 2.5 percentage points higher than the national jobless rate in January of 7.6 percent.

A year ago, California's unemployment rate was 6.1 percent. Since then, steep declines in the construction, finance, information and retail industries have put thousands out of work.
"The recession is worse than we thought," said Howard Roth, chief economist at the state Department of Finance.
The number of people without jobs in California soared to more than 1.8 million, up 754,000 from January 2008.
Roth said he believed the construction and finance industries had bottomed out, only to see losses increase in both. He said he hopes for marginal improvement in the economy over the second half of the year.

more......

http://www.forbes.com/feeds/ap/2009/02/27/ap6108682.html

 

[sharon sanders]

Re: California Unemployment Rate Jumps to 10.1 Percent

"...As of 2007, the gross state product (GSP) is about $1.812 trillion, the largest in the United States.

California is responsible for 13 percent of the United States gross domestic product (GDP).

As of 2006, California's GDP is larger than all but eight countries in the world (all but eleven countries by Purchasing Power Parity)..."


http://en.wikipedia.org/wiki/California

 

[Commonground]

Re: Indiana Unemployment Rate

Re: Indiana Unemployment Rate

Delaware County unemployment rate rises to 9.9 percent

March 6, 2009
MUNCIE ? Delaware County?s unemployment rate jumped to 9.9 percent in January, according to figures released today by the state.

<script language="JavaScript">triggerAd(1,PaginationPage,3);</script><script style="display: none;" language="javascript1.1" src="http://gannett.gcion.com/addyn/3.0/5111.1/133600/0/0/ADTECH;alias=in-muncie.thestarpress.com/news/updates/article.htm_ArticleFlex_1;cookie=info;loc=100;target=_blank;grp=762142;misc=1236939674830"></script>

Indiana?s jobless picture is so bad, however, that 51 of Indiana?s 92 counties have higher unemployment rates than Delaware County. Topping the list again is Elkhart County in northwest Indiana, where the unemployment rate jumped by nearly three percentage points, to 18.3 percent.


Delaware County?s jobless rate jumped from 8.3 percent in December and is far higher than the benchmark 6.2 percent from January 2008.


Indiana?s unemployment rate is 9.2 percent, according to Indiana Workforce Development.
The national unemployment rate reached 8.1 percent.

http://www.thestarpress.com/article/20090306/NEWS06/90306013/1002/NEWS01