California Unemployment Rate History: A Visual Guide
August 27, 2009 by Silicon Valley Blogger
What is the job situation where you are? Overall, jobless claims have been lower compared to earlier this year, thanks to Obama’s stimulus package and signs of recovery in certain industries. The national unemployment rate is still up there though, and will expect to hit 10% by the close of this year. Despite the sour statistics, I’ve been hearing rumblings that this is the beginning of the end… of the recession that is. So the stock market is doing a happy dance right now, in response. But who knows what lies ahead?
Anyway, while things are seemingly improving across the nation, California’s recovery is less apparent. Our economy here is still in the doldrums. Beyond the California budget crisis to worry about, we’ve also got the fourth highest unemployment rate with almost 12% (11.9% to be exact) of workers marked as unemployed. Some of my colleagues are still looking around for jobs or are in between projects. Where I live, the job situation just doesn’t look too favorable. I actually found this colorful map that illustrates our plight: any region that’s green (0 to 10% unemployment) is in relatively better shape than areas in pink, red and purple (21% to 30% unemployment). Check it out!
Click on this link or the image below to play with the map (the slider on the graphic below won’t work, just click the pic to try out the tool):
So how is it in your neck of the woods?
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