Monday, March 18, 2013

California Unemployment Rate holds at 9.8%

http://www.latimes.com/business/realestate/la-fi-cal-jobs-20130319,0,4105844.story

The employment rate in California has been held constant for the first quarter this year.  The employment is tied for the highest with Road Island, which has also had trouble adding jobs after losses to it's manufacturing sector.  Some are also blaming a rise in sale tax and an increase on income tax of the wealthy.  Another possible reason could be because of hurt  trade with Europe from the Northeast sector of the state.  However, trade in the western part of the state with Asia has been thriving and continues to grow.  That is why an emphasis is being placed on county statistics so they can locate where job growth is stalling.  Job growth is expected to grow though during the latter part of 2013 and into 2014, showing that the steady unemployment rate was not unexpected.

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