Reeling from California unemployment
|Oct. 2010||Sept. 2010||Oct. 2009|
|CA Unemployment Rate||12.4%|
Unemployment Statewide The above chart depicts joblessness in California over the past 30+ years as a percentage of the state’s total labor force, and encompasses several run-of-the-mill recessions. As shown on the charts, unemployment over the past year has lingered at a higher percentage of the labor force than at any time in recent history, following the sharpest spike in unemployment since the Great Depression. Expect our recovery to be correspondingly longer than the recessions of the past 35 years. The above figures do not include those who have dropped out of the job market or are voluntarily unemployed.
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