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.
Post-recession Unemployment ‘Scariest Ever’ Job Chart Show its Worst Than WW2
As US unemployment jumped to 9.8 per cent, it is a chart to chill the bones of any job hunter.
Comparing previous recoveries from all 10 American recessions since 1948 to the current financial crisis, the figures show almost no improvement in employment figures in the past year.
Some commentators have described the comparison as ‘the scariest jobs chart ever’, pointing to the fact that only the 2001 recession took longer to bring employment back to pre-crisis levels.
Number of months after peak employment
Even then, the total percentage of jobs lost bottomed out at two per cent, compared with six per cent this time round.
Unemployment is a MAJOR problem because President Obama and the Democratic dominated congress ignored the economy and busniess growth the last two years and instead pushed their far-left ideologies, including Cap and Tax and ObamaCare.
The Democrats paid the price last month and Obama may very well be voted out of office because of his gross negligence of matters financial.
Posted from Diigo. The rest of my favorite links are here.