California unemployment rate dips to 10.6 percentThanks to Obama it's the New Normal
Posted on 09/22/2012 12:20:59 PM PDT by BenLurkin
California's unemployment rate fell slightly in August to 10.6 percent, down from 10.7 percent.
The numbers, reported by the Employment Development Department on Friday, show an improvement over the state's 11.9 percent unemployment rate from a year ago.
California added 12,000 non-farm payroll jobs in August. The state has added nearly 300,000 new jobs over the past year with job growth in 12 of the past 13 months.
The sectors that grew in August include construction, manufacturing, financial activities and hospitality. The biggest gains were seen in the educational and health services sector, which added 8,900 jobs.
The industries that lost jobs include mining and logging and transportation. The biggest losses are in the government sector, which shrunk by 7,400 jobs.
The number of people unemployed in California fell by 27,000 in August to 1,935,000. But that was in part due to people giving up on active job searches. The total labor force shrunk by about 66,000 people. It's predicted that California job growth would pick up slowly in the coming year with the unemployment rate dropping to 8.5 percent in 2014. [And if not - it will be UNEXPECTED!]
Nationwide, employers added only 96,000 jobs in August, below July's gain of 141,000 and the average of 226,000 jobs a month added in the January-March quarter.
(Excerpt) Read more at abclocal.go.com ...
Way to go Cali. Looks like your economy will be doing gangbusters any minute now.
smh
In case you wonder how unemployment can be bad and elect only democrats, here is their model. Along with NJ, probably PA as well. Fill the country with poor people, immigrants legal and illegal, stay in power and trash the country. Great plan.
Hussein will most likely take California — stupid voters abound in (what was once) the Golden State.
And they’ll be voting to reelect Comandante Zero by two to one.
Forget the “unemployment” rate. What are the “employment” numbers in this ever increasing population?
I’d like to see an ad with Peloser/Reid/Biden saying they’ll add 500,000 jobs a month, then post the numerical change for each battleground state, repeat clip, add new battleground state, repeat clip until all states are listed, then HIT HARDER, MITT!
Educational & healthcare sectors can not flourish without the wealth creating sectors...manufacturing, mining, agriculture, and applied research & development of products.
A country depending on service sector jobs is in decline of living standards. Living standards are increasing in Brazil, China, India & South Africa because their manufacturing & mining sectors are growing faster.
Great. Then they don’t need a bailout....maybe it has gone down because people are fleeing that dump.
California unemployment rate dips to 10.6 percentThanks to Obama it's the New Normal
Your headline is wrong. It wasn’t 11.7%
Correct THAT SHOULD BE 10.7%!!!!!
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