Perhaps the rumors of a recovery aren’t yet reaching the ears of California employers, because these numbers aren’t all that recovery like.<\/p>\n
Despite signs an economic recovery has begun in the state, California’s unemployment rate inched up in August, once again setting a new postwar high at 12.2%.<\/p>\n
The state is one of 14 in the nation with an unemployment rate in the double digits, the Bureau of Labor Statistics reported this morning. Only Michigan, Nevada and Rhode Island, at 15.2%, 13.2% and 12.8%, respectively, have higher unemployment rates than California. The national unemployment rate in August was 9.7%. (LAT 9\/18\/09<\/a>)<\/p><\/blockquote>\n
Now employment is a lagging indicator of economic health, because employers like to be sure business is picking up before they hire workers back. So this very well could be that the economy is recovering, but just not yet for jobs. However, here in California the job situation is quite bad, and the addition of more state budget cuts as we move forward into the fiscal year and next won’t help either. It’s going to be a sloooooow recovery here.<\/p>\n","protected":false},"excerpt":{"rendered":"
Perhaps the rumors of a recovery aren’t yet reaching the ears of California employers, because these numbers aren’t all that recovery like.<\/p>\n
Despite signs an economic recovery has begun in the state, California’s unemployment rate inched up in August, once again setting a new postwar high at 12.2%.<\/p>\n
The state is one of 14 in the nation with an unemployment rate in the double digits, the Bureau of Labor Statistics reported this morning. Only Michigan, Nevada and Rhode Island, at 15.2%, 13.2% and 12.8%, respectively, have higher unemployment rates than California. The national unemployment rate in August was 9.7%. (LAT 9\/18\/09<\/a>)<\/p><\/blockquote>\n
Now employment is a lagging indicator of economic health, because employers like to be sure business is picking up before they hire workers back. So this very well could be that the economy is recovering, but just not yet for jobs. However, here in California the job situation is quite bad, and the addition of more state budget cuts as we move forward into the fiscal year and next won’t help either. It’s going to be a sloooooow recovery here.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[87],"tags":[7861,4538],"class_list":["post-10100","post","type-post","status-publish","format-standard","hentry","category-87","tag-7861","tag-4538"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/p6Pvhz-2CU","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts\/10100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/comments?post=10100"}],"version-history":[{"count":0,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts\/10100\/revisions"}],"wp:attachment":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/media?parent=10100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/categories?post=10100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/tags?post=10100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}