Sunday, August 23, 2009

California Unemployment rate reaches 11.9%

California's unemployment rate continues to rise but it is not in the top spot for Unemployed. Michigan holds that spot followed by tiny little Rhode Island, then Nevada and Oregon is tied with California. California has the largest population with about 37 Million people. So when the numbers come out for the U.S. Unemployment rate for the month of August, due on September 4th, expect it to go up from 9.7% to either 9.9% or 10.0%. It will go higher than 10.0% over the next 6 months. The country needs to create jobs, as without them there will not be a recovery. It doesn't look like the private sector can, so people shouldn't be so negative about the government's role here. The government must do the job when the private sector can't, and that is what the Obama Administration is trying to do. So be supportive of what President Obama is trying to do here, my Republican friends, or you too may find yourself in bread lines!

In the photo above, Job seekers line up to inquire about jobs with Cintas Service Professionals at a job fair in San Francisco, Thursday, Aug. 20, 2009. The number of first-time claims for unemployment benefits rose unexpectedly for the second straight week, a sign that jobs remain scarce even as other data show the economy is stabilizing. (AP Photo by Marcio Jose Sanchez)

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