Thread: California economy worsens, unemployment at 10.5 pct

SAN FRANCISCO (Reuters)
Fri Mar 20, 2009 12:45pm
- California's unemployment rate increased to 10.5 percent in February from 10.1 percent in January as the most populous state's economy worsened, official data showed on Friday.

California's February jobless rate far exceeded both the state's 6.2 percent rate a year earlier and the national unemployment average for February of 8.1 percent, according to the report by the state's Employment Development Department.

California lost 116,000 non-farm payroll jobs in February from January and 605,900 non-farm jobs from a year earlier, marking a 4.0 percent decrease in nonfarm payrolls, the report said.

The U.S. financial crisis has battered California's economy, the world's eighth largest, which already had been slowed by a prolonged housing downturn.

The report noted that only one industry category tracked by state labor market analysts expanded payrolls in February from January -- 7,900 new information industry jobs.

Ten industry categories posted job losses between the months, led by construction, which shed 30,900 jobs.

(Editing by Kenneth Barry)

http://www.reuters.com/article/domestic ... KD20090320

Aren't they also counting unemployment of illegals? After all, who are the majority of those in construction these days: illegals, maybe?

OF COURSE ITS GOING TO WORSEN, PEOPLE ARE STILL SLIDING UNDER THE BOARDER.

WAIT UNTIL THE CUBAN'S START POURING IN.

The Mexican Americans and legal immigrants should have invested in job creeation in Mexico instead of burdening us with their friends and relatives as job competitors and public service recipients.

On a local talk show, they were discussing the cost of single mothers welfare, with Robert Rector from the Heritage Foundation and it seems that it amounts to 280 BILLION annually and over 2 TRILLION dollars in the coming decade. With the cost of illegal aliens at over 300 BILLION annually, just these two groups amount to over 4 TRILLION over the decade. These two groups converge at some point. It's astronomical the amount of money and is going to send us down the tubes unless the left is thrown out and we get some people with spine in office.