Friday, March 12, 2010
20% Unemployment in California
Unemployment tops 20% in eight California counties - that means more than 1 in 5 people were out of work. Comparably, the national unemployment rate in January was 9.7%, although some economists claim that it is much higher since the statistics don't take into account many other people who are unemployed and not collecting unemployment benefits, or who are underemployed and doing part-time work just to get by.
Here are the eight counties in California where unemployment is more than 20%. (Numbers are not seasonally adjusted).
* Colusa: 27.4%
* Imperial: 27.3%
* Merced: 21.7%
* Plumas: 22.3%
* San Benito: 21.1%
* Sutter: 21%
* Trinity: 25.8%
* Yuba: 20.4%
The unemployment rate for the Riverside-San Bernardino-Ontario metro area reached 15% in January and unemployment in Orange County reached 10.1%, up from 9.1% in December.
The state's jobless rate of 12.5% in January was its worst on record and fifth-highest in the nation. It was 12.3% in December.
California was one of five states, along with Florida, Georgia, North Carolina and South Carolina, that reached their highest unemployment rates since the government began keeping track in 1976, according to the Bureau of Labor Statistics.
Things don't look like they will be improving anytime soon either.