California Jobs Continue to Disappear

Posted on October 17, 2009

From the L.A. Times:

Despite the economic “recovery” we’re supposed to be in, Los Angeles County’s unemployment hit 12.7%.  The state’s unemployment rate is 12.2%. 

The state has lost 732,700 jobs over the last year, with 144,000 of those losses occuring in construction. California’s construction sector has shed more than 300,000 jobs since its pre-recession peak in early 2006.

Not much gold left in the Golden State.

Posted in: California, Economy