California’s economic woes continue to grow with unemloyment

19. April 2010 by admin.

Unemployment in the golden state hit new record highs with 12.6 percent of Californians looking for a job. California’s high unemployment numbers fall behind Michigan, 14.1 percent, Nevada, 13.4 and ties the state for third with Rhode Island; this is not welcome news for Democrats as the upcoming campaign rhetoric picks up.

Governor Arnold Schwarzenegger says his office was encouraged but pointed out in a statement that California needs to focus on training employees and provide employers new/more incentives to hire Californians.

Chief economist for the State Department of Finance, Howard Roth, explained that he thinks the unemployment rate in California appears to be near its peak.

While this is seen as a victory for some political officials, those seeking gainful employment believe the double speak coming from Sacramento rings hollow and until jobless number begin their turnaround all leaders in government need to be mindful of the impending elections. Keep reading

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