News

State unemployment rate rises slightly

California jobless rate sees minor uptick in June

California's unemployment rate went up slightly in June, according to a report released Friday (July 22) by the state's Employment Development Department.

Throughout California the jobless rate rose from 11.7 percent in May to 11.8 percent in June, department officials said. In June 2010, the state unemployment rate was 12.4 percent.

In the Bay Area, the highest unemployment rate this month was in Solano County with a rate of 12.0 percent. Marin County had the lowest rate in the region at 8.0 percent.

National unemployment also increased last month to 9.2 percent. The state's unemployment rate is based on a federal survey of 5,500 California households and does not include agricultural jobs.

— Bay City News Service

Comments

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Posted by barbieK
a resident of Meadow Park
on Jul 26, 2011 at 9:21 pm

barbieK is a registered user.

This is a bad news especially to those who are planning to apply for loan. Unemployment rate in the state you are residing is one of the factors loan companies are looking at. An individual's credit reliability is dependent upon lots of variables, most of which could be controlled in one way or another. What state an individual resides in, however, can't be manipulated short of moving somewhere else. A brand new study rates all fifty states in order of their creditworthiness. I found this here: [url=Web Link ranks states for creditworthiness[/url].


Like this comment
Posted by Big shock
a resident of Leland Manor/Garland Drive
on Jul 27, 2011 at 5:05 am

Gee...I wonder why?

Taxpayers, from business owners who pay taxes and employ taxpayers, to people finding better cost-of-living from taxes to housing, are fleeing California.

Like Rubio said, we don't need more taxes, we need more taxpayers. Lake Tahoe water level lowers in low rain/snow years, and rises in high ones. It takes many drops and flakes to make a Tahoe..same is true for tax revenue.


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