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Reload this Page California unemployment rate rises to 12-year high of 7.3% (Los Angeles: foreclosure, home)
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Old 09-05-2008, 05:20 PM
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Default California unemployment rate rises to 12-year high of 7.3%
California's unemployment rate rises to 7.3% - Los Angeles Times
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Old 09-06-2008, 04:35 AM
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If you threw in the thousands of illegals who worked in home construction, the rate would probably be over 8%.

It's just getting worse. And Asia and Europe are slowing now too.

Over 9% of homeowners are either behind on payments or going into foreclosure now nationwide. It's probably more like 20% in California.
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Old 09-06-2008, 10:36 PM
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Killer2021:

Your link just answered a huge question for me.

I live/work next door in Arizona and, despite the official unemployment rate being ca. 6%-----------it feels much higher. Our biggest difference is that the illegal immigrants here are self deporting at a dizzying rate; if said illegals were US citizens/green card holders--------------I bet our unemployment rate would be above 8%.
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