Tuesday, November 25, 2008

The golden state gets rusty

They call it paradise
I don't know why
You call someplace paradise,
kiss it goodbye

D. Henley


California's unemployment rate soared to a 14-year high in October, hitting 8.2%, and economists predicted that it could rise substantially over the next year and a half.

The state's economy shed 26,400 people from its payroll last month, raising the total number of lost jobs to 101,300 since October 2007, the California Employment Development Department reported Friday.

So which states could actually have an even higher unemployment rate than CA. None other than the blue state paradises of Michigan and Rhode Island.

More......

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