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California Employment at Record Low

Posted By yihan On September 5, 2011 @ 2:11 am In Money Watch | Comments Disabled

Bloomberg [1]
Monday, September 5, 2011

The percentage of working-age Californians with jobs has fallen to a record low, and employment may not return to pre-recession levels until the second half of the decade, according to a research group.

Just 55.4 percent of working-age Californians, defined as those 16 or older, had a job in July, down from 56.2 percent a year earlier and the lowest level since 1976, the Sacramento- based California Budget Project said in a report released late yesterday.

California’s 12 percent unemployment rate in July, the nation’s second-highest after Nevada, compared with 9.1 percent nationwide. The most-populous state lost 1.4 million jobs during the recession that began three years ago, and has gained back only 226,800, or about 17 percent, according to the report.

Alissa Anderson, deputy director of the research group, which concentrates on issues facing low- and middle-class Californians, said women have disproportionately trailed men in regaining jobs.

Full story here. [1]


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URLs in this post:

[1] Bloomberg: http://www.bloomberg.com/news/2011-09-04/california-employment-level-sinks-to-record-low-as-fewer-women-find-jobs.html

[2] Canada Employment loss WAY worse than the US! ITS DOUBLE!: http://www.prisonplanet.com/canada-employment-loss-way-worse-than-the-us-its-double.html

[3] The Employment Rate In The United States Is Lower Than It Was During The Last Recession: http://www.prisonplanet.com/the-employment-rate-in-the-united-states-is-lower-than-it-was-during-the-last-recession.html

[4] California Is Broke – 19 Reasons Why It May Be Time For Everyone To Leave The State Of California For Good: http://www.prisonplanet.com/california-is-broke-19-reasons-why-it-may-be-time-for-everyone-to-leave-the-state-of-california-for-good.html

[5] If You Live In California Things Just Got A Whole Lot Worse: http://www.prisonplanet.com/if-you-live-in-california-things-just-got-a-whole-lot-worse.html

[6] 1 in 4 Greek workers unemployed as joblessness hits record 25.4%: http://www.prisonplanet.com/1-in-4-greek-workers-unemployed-as-joblessness-hits-record-25-4.html

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