The latest unemployment figures from the Bureau of Labor Statistics:
Fourteen states and the District of Columbia reported jobless rates of at least 10.0 percent in August. Michigan continued to have the highest unemployment rate among the states, 15.2 percent. Nevada recorded the next highest rate, 13.2 percent, followed by Rhode Island, 12.8 percent, and California and Oregon, 12.2 percent each. The rates in California, Nevada, and Rhode Island set new series highs.
So much for that canard that businesses are flocking to Nevada, considering it has a higher unemployment rate than we do. Nonetheless, California is in deep trouble, with a loss of 741,000 jobs over the last year, an increase of 4.6% in the jobless rate since last August.
And there are no economic recovery plans in the works. I guess we’re supposed to sit and wait until things get better.