Tag Archives: California Unemployment

California unemployment rate holds at 9.8%, highest in US

California’s jobless rate was unchanged at 9.8% in January for the second straight month, and that lack of improvement put the Golden State in a tie with Rhode Island for the worst unemployment in the U.S. On the other end … Continue reading

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California Housing Market Improves, Unemployment Drops

A solid national jobs report this morning — 227,000 new jobs added, unemployment rate steady at 8.3 percent — was followed by a psychologically significant California report, from the state’s Employment Development Department. At long last, we’re below 11 percent … Continue reading

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California unemployment falls to 11.1% as payrolls grow

California’s jobless rate dropped again in December and payrolls increased for a fifth straight month, boosting hopes that the state’s economic recovery is showing some staying power. The unemployment rate fell to 11.1% in December from 11.3%, the Employment Development … Continue reading

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California unemployment rate rises to 12% in July

More than 2.1 million Californians are unemployed; one-third of them have been jobless for a year or more. Economists said California was performing worse than the nation largely because of its real estate hangover. When the property bubble burst, it … Continue reading

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To recover, California must get its housing in order

There’s one big reason why foreclosure reforms that strongly encourage banks to redo loans for “underwater” homeowners are a must for California, and soon: This state’s overall economy and employment levels simply cannot recover to pre-recession status until the foreclosure … Continue reading

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House Prices in Southern California Slip Further

Southern California real estate prices are still falling due to tight credit, high unemployment and economic uncertainty. Read more about this in the full blog post from The Mess That Greenspan Made. It’s been a while since I’ve looked at … Continue reading

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