California unemployment has improved to Eurozone levels

Orange County Register ^ | 5-18-12 | Mark Landsbaum

[freedombiz]

Today we awoke to the good news. California’s unemployment rate has plunged to (drum roll please) 10.9 percent!

That’s as good as the unemployment rate in the euro zone, where people out of work also account for 10.9 percent of the working population, a new high for those folks. How bad is 10.9 percent?

Well, the New York Times gives some perspective, saying the rate shows: “that the euro zone economy remains distressed.”

[freedombiz]

This is pathetic! The only reason California's unemployment rate dropped was because more people left the labor market. More Californians on the dole.

[I Drive Too Fast]

I know, I know, I know. After Gov. Moonbeam raises taxes that is sure to help. /s