Thread: California, Nevada Reach Record Unemployment Levels (Update2

California, Nevada Reach Record Unemployment Levels (Update2)

By Timothy R. Homan

Sept. 18 (Bloomberg) -- Unemployment rose in 27 U.S. states in August, with California and Nevada reaching record levels of joblessness.

Rhode Island rounded out the list of states with the highest level of unemployment since data began in 1976, the Labor Department reported today in Washington. California’s unemployment rate reached 12.2 percent and Nevada’s climbed to 13.2 percent.

The job market is showing signs of stabilizing as reports indicate economic growth is resuming this quarter. Economists surveyed by Bloomberg News this month said the unemployment rate nationally will reach 10 percent this year, a reminder that consumers are unlikely to lead the recovery.

“There’s still a fair amount of weakness in some of the larger states,â€

Nonetheless, some of the auto workers laid off in the past year are starting to return to work. General Motors Co. last month called back 1,350 union workers, its biggest one-time increase in jobs since 2006, as it boosted second-half production, in part because of the government’s auto-rebate program known as “cash for clunkers

Once back on the job it will not take them long to catch up on an assembly line though.

Not to be negative about this BUT:And I think they had already forgotten: IT IS TAXPAYERS MONEY
paying for such programs. So we,the taxpayer have not gotten the bill yet!