California Unemployment at 12.4 Percent

From the Sacramento Bee:

The job losses returned to California in a significant way last month. Some 38,800 payroll jobs disappeared, according to figures released today by the state Employment Development Department.

The state’s unemployment rate clocked in at 12.4 percent for December. That was unchanged from the revised November figure.

Analysts had been hoping that the job losses in California had mostly run their course.


9 Responses to “California Unemployment at 12.4 Percent”

  1. 1 Logan C. Songer January 22, 2010 at 11:13 AM

    Out of the recission? Things are getting better? Oh wait, then actual statistics come out about unemployment figures remained unchanged from the previous month. Until people start hiring, and borrowning money becomes easier for small businesses, we are still in trouble. I also believe there are tons of businesses and people, who are just barely hanging on financially and if things don’t turn around in the next 6 months (which they won’t), things could go south again very quickly! (which they will)

  2. 2 Econ Consumer January 25, 2010 at 12:07 AM

    I must be very fortunate because most of the people around me are working. Some have good jobs while others are struggling to make ends meet but they are working. To see the unemployment rate so high and it shocks me. I have noticed when I go shopping their are better deals out their. Businesses want you to buy. I worry about these unemployment figures climbing so instead of spending like I should be. I am more cautious how I am spending. Could these unemployment figures correlate with the end of the businesses fiscal year? When some businesses slow down?

  3. 3 Kaleen Scott January 27, 2010 at 11:50 AM

    It seems as if the percentage keeps getting higher and higher. I’m thankful to have a job, but I know others who are educated and dedicated, but can’t find work. I never imagined the economy getting as bad as it is right now and just hope it gets better like everyone is telling us it will; my question is, when?

  4. 4 Christopher Henderson (101) January 28, 2010 at 8:39 AM

    I’m not surprised the rate in California is so high. With the decisions our governor is making, it could get worse before it gets better, despite the hope that job loss in California has “run its course.” I had a hard time finidng a job earlier this year and was fortunate to finally find one, but after nearly three months of searching. Now, the company I work for is on the verge of going under and I’ve been advised to “begin a search for another job,” but the way things are, there just aren’t enough openings for the volume of individuals who are looking for jobs. I’d be curious to see a county by county break down of unemployment rates.

  5. 5 Ruby S. January 28, 2010 at 12:06 PM

    “Analysts had been hoping that the job losses in California had mostly run their course”!? What does that even mean? How can anyone think that we are coming out of the recession when nothing is getting better? It is hopeful thinking to say that the job losses had mostly run their course, but clearly the numbers don’t lie.

    I am not surprised to find that the unemplyment rate is still very high. It’s extremely hard to find a job and those that are working are getting cut back on their hours.

  6. 6 Lorena C. Rodegeb January 30, 2010 at 9:54 AM

    It is very unfortunate that there have been job losses as a result of the struggling economy, it’s even more unfortunate that the unemployment rate continues to rise. Even worse is the effects on other factors, markets, and systems the rising unemployment is having (or is it the other way around?!) More unemployed people means more (unpaid!) unemployment claims, more people applying to get into the welfare system (as if that is not complicated enough as it is), more people who lack medical insurance, less money is spent, debt goes up, etc. This isn’t to say that we won’t recover. This isn’t the first recession, threat of depression, economic crisis we have seen. Probably won’t be the last. BUT….we have survived it in the past, we will again, but it will take time.

  7. 7 Berenice Lopez (101) February 1, 2010 at 12:41 PM

    It is scary how the unemployment rate just keeps rising and rising, especially in California. We are amongst the top 10 states with highest unemployment rate. We rank at 5th place. Things are starting to get pretty bad. At first I didn’t think that this recession would affect me, but as time is passing by, I am proven wrong. Although I feel very fortunate to have a full-time job in the midst of this chaos, it is sad to say that I am starting to see how this is going to affect my job sooner or later. I work for an agricultural consulting company and this year we are losing more clients than ever. Last year was not bad at all, but who knows what 2010 holds for us. I can not wait until the ecomony starts picking up. I feel very bad for all the people who have loat their jobs.

  8. 8 Lacey Olson February 4, 2010 at 3:21 PM

    It’s crazy to see that people with bachelor’s and master’s degrees are out of work. I think at the beginning of this recession many were too prideful to try and get a job that was below their standards or expectations. But now, people are so eager for anything. I knwo someone that has his masters and he is working in construction when he can. Also, at the start of this thing, it wasn’t really hitting the upper class. But now everyone has been humbled a bit because it has hit all of us, rich and poor, educated and uneducated, and we are all in competition for the same jobs.

  9. 9 angela April 29, 2010 at 7:06 PM

    California business have been hit by recession and many of them closed. California unemployment rate was one of the highest in the country and the state deficit has affected all of us on one way or another. I’ve been lucky enough to work for a company that didn’t lay off any employee. but I feel sorry for all so many people that lost their job. In April things are looking better and lower unemployment rate means that we are slowly moving in the right direction.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: