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Old 03-25-2011, 10:55 AM
 
Location: Zurich, Switzerland
24,850 posts, read 31,297,595 times
Reputation: 10530
Default California adds nearly 100,000 jobs in February

BAM!

California unemployment: California adds nearly 100,000 jobs in February - latimes.com
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Old 03-25-2011, 11:10 AM
Status: "ray rice = self defense" (set 6 days ago)
 
Location: San Leandro
4,414 posts, read 4,403,518 times
Reputation: 3055
Just to be clear folks this means the unemployment is now at 12.2 instead of 12.4. WOW BAM WAM PAM POW that's just soooo amazing

from source:
Quote:
California's unemployment rate fell to 12.2% in February from 12.4% in January, the California Economic Development Department reports. That's still the second-highest jobless rate in the nation, behind Nevada's.
Quote:
The national unemployment rate in February was 8.9%.
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Old 03-25-2011, 11:14 AM
 
Location: Conejo Valley, CA
12,261 posts, read 10,022,101 times
Reputation: 4016
BAM? This isn't good news, the growth rate needs to be a lot higher to dig the state out of the hole it created.

This is like being $1 million in debt and celebrating paying $100 of it off....
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Old 03-25-2011, 11:16 AM
 
Location: Zurich, Switzerland
24,850 posts, read 31,297,595 times
Reputation: 10530
Quote:
Originally Posted by NorCal Dude View Post
Just to be clear folks this means the unemployment is now at 12.2 instead of 12.4.
I know, you wish our unemployment rate was higher. Too bad. Maybe next month we'll lose some jobs so you can be happy.

Anyhow,

Top Three States by Job Growth, February 2011
1 California +96,500
2 Pennsylvania +23,700
3 Florida +22,700

Regional and State Employment and Unemployment Summary
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Old 03-25-2011, 11:17 AM
 
601 posts, read 465,110 times
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Quote:
Originally Posted by user_id View Post
BAM? This isn't good news, the growth rate needs to be a lot higher to dig the state out of the hole it created.

This is like being $1 million in debt and celebrating paying $100 of it off....
There's a difference between good news that could be better and bad news. This is good news. Bad news would be if California lost jobs, like it had been doing a year ago or so.
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Old 03-25-2011, 11:18 AM
 
Location: Zurich, Switzerland
24,850 posts, read 31,297,595 times
Reputation: 10530
Quote:
Originally Posted by user_id View Post
This is like being $1 million in debt and celebrating paying $100 of it off....
Technically if we're going to equate it that way, this would actually be a payment of about $43,000.

Which is actually not bad.
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Old 03-25-2011, 11:19 AM
 
674 posts, read 507,421 times
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I think their point is your posting suggests all is well now on the job front in CA like Jerry Brown waved some magic wand or something. That said, it is great there was an increase in the jobs number but Brown (and Ahnold etc.) had nothing to do with it.
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Old 03-25-2011, 11:22 AM
 
Location: Police State
1,472 posts, read 1,161,336 times
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California's unemployment rate fell to 12.2% in February from 12.4%

BAM? More like a whisper. Try reading your own sources next time.
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Old 03-25-2011, 11:29 AM
 
Location: Zurich, Switzerland
24,850 posts, read 31,297,595 times
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Quote:
Originally Posted by Social Democrat View Post
I think their point is your posting suggests all is well now on the job front in CA like Jerry Brown waved some magic wand or something. That said, it is great there was an increase in the jobs number but Brown (and Ahnold etc.) had nothing to do with it.
Um, I made no mention of Jerry Brown or Arnold?

Neither of them created one job-this is due to Californians of all political stripes creating jobs. Its okay to be happy about this-even if its tempered with soberness about the many more jobs we need. We deserve some good news it after that terrible recession.

Anyway, California was one of just 7 states to see a noticeable decline in their jobless rates.
Quote:
Nevada experienced the largest over-the-month unemployment rate decrease in February (-0.6 percentage point). Six other states also posted statistically significant rate declines from January: Florida (-0.4
percentage point); Indiana, Pennsylvania, and South Carolina (-0.3 point
each); California (-0.2 point) ; and Maryland (-0.1 point). The remaining 43 states and the District of Columbia registered jobless rates that were not measurably different from those of a month earlier, though some had changes that were at least as large numerically as the significant changes.

Regional and State Employment and Unemployment (Monthly) News Release
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Old 03-25-2011, 11:31 AM
 
Location: Zurich, Switzerland
24,850 posts, read 31,297,595 times
Reputation: 10530
Quote:
Originally Posted by ZhugeLiang View Post
California's unemployment rate fell to 12.2% in February from 12.4%

BAM? More like a whisper. Try reading your own sources next time.
This is the biggest monthly gain since 1990.



Don't like it? Then p1ss off.
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