Friday, May 28, 2010

Unemployment stuck at 12.6% in California

Even though the state of California added 14,200 jobs in April, the unemployment rate didn’t budge much – It continues to be 12.6 percent. According to the U.S. Bureau of Labor Statistics, California’s rate is the third highest in the nation, right behind Michigan coming in at 14 percent and Nevada’s 13.7 percent. We’ve heard whispers of the economy improving, however, with unemployment numbers like these, as the saying goes, proof is in the pudding!

But, I am all about hope, and the good news is that California payrolls did grow by a total of 56,000 this year and hopefully the new HIRE ACT tax breaks will get employers more hiring again. I want to know what you think; do you believe California’s unemployment rate is going to fall by the end of summer? Tell me your thoughts on Facebook or on my Twitter at

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