Monday, February 18, 2013

Does Brown really think California’s economy is ‘successful’?

Good meaty post.  Not like others I've read.
So the Golden State has a “successful economy”? Really?

California is in its longest sustained stretch of high unemployment since the depression. Its jobless rate has been higher than 8 percent since September 2008. For 52 months, there have been at least 1.5 million people in this state actively seeking work who can’t find jobs. And those numbers don’t even reflect the “underemployed” – those with part-time jobs – and the hundreds of thousands of people who have given up looking for work. In January, the state’s unemployment rate was 9.8 percent, among the worst of any state and significantly higher than the national average of 7.9 percent.

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