Skip to comments.California's employment picture: Good news and bad news
Posted on 03/21/2014 1:05:06 PM PDT by Oldeconomybuyer
The good news is that with a recent surge of employment, California has regained virtually all of the million-plus jobs it lost during what many call the Great Recession.
The bad news is that despite regaining those lost jobs, California still has one of the nation's highest jobless rates, surpassed by only a handful of other states, and it's still well above the national average of 6.7 percent.
How can that be?
(Excerpt) Read more at blogs.sacbee.com ...
High unemployment rate due to to the weather, no doubt.
Because now it apparently takes TWO to do this job:
Where did these “jobs” come from? The amount of companies moving out of the state is staggering. What companies have moved in to offset the losses?
If you read the article, you’d have the seen that the answer is that (1) California has regained all of the jobs it lost in the 2008 recession, but (2) the population of California has increased sharply since 2008, so merely regaining those jobs isn’t enough to lower the unemployment rate.
See my post #3.
I know, I know, I was just being a smart ass.
And a careful reading of the article says those who returned to the work force are “involuntarily working part-time or “marginally attached”. It doesn’t report how many of these people have taken lesser jobs just to pay the bills. They’re just reporting they’ve returned to work.
So the middle class continues to shrink. I’d feel sorry except most of these people keep voting in Democrats. You can’t fix stupid.
Where did these jobs come from?
Election workers are now scouring the obituaries and working on absentee ballots.
Hundreds of Companies leave California every year, and other companies just send employees elsewhere reducing the head count in California.
A lot of them have gone to Texas. Rick Perry regularly goes to California and sells Texas as a low tax, low regulation state, and its getting more successful each time he tries.
This continues to be patently false. One indicator: traffic commuting to Silicon Valley and surrounding centers of employment is MUCH more manageable now. As adquate jobs leave they are replaced by fast food and comparable low wages jobs to which people cannot afford to commute and are therefore secured by locals, reducing traditional commute traffic on freeway connections to cities in addition to the fact that those out of work don’t commute.
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