Unemployment Rate

Obamanomics: Ventura County California Unemployment Rate Rises to 10.8%

The economy is not good in Ventura County, California.

Ventura County’s unemployment rate rose to 10.8 percent in November from a revised 10.5 percent in October, state officials said today.

California’s unemployment rate remains unchanged at 12.4 percent while the nation’s unemployment rate has edged up to 9.8 percent after three months rooted at 9.6 percent.

Gov. Arnold Schwarzenegger put out a statement this morning urging Gov.-elect Jerry Brown and the Legislature to focus on California’s employers.

At least the President has just signed a continuation of the Bush-Era Tax Cuts and Rates. But, more has to be done to cut spending, regulation and taxes.