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ECONOMY: Region's unemployment worst on record

Discussion in 'Economics and Financials' started by Fin Fan In Cali, Apr 18, 2009.

  1. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    http://www.nctimes.com/articles/2009/04/17/business/zabcd3a0a4ce490f48825759b0060d4f7.txt

    The region's jobless rate rose to the highest level on record last month as companies across the economy shed employees, according to data released Friday by a state agency.

    The monthly report from the Employment Development Department showed 9.3 percent of workers without a job in San Diego County, the highest level in data going back to 1990. The state's unemployment rate rose to 11.5 percent, its highest level in 33 years of data that covers the 1982 recession, considered to be the worst since the 1950s.
     
    gafinfan likes this.
  2. gafinfan

    gafinfan gunner Club Member

    I don't want to be a spoil sport but IMHO this is only the tip of the iceberg. Sorry.
     
  3. anditsgood

    anditsgood Active Member

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    i don think we even reached that yet......
     
    2socks, gafinfan and Fin Fan In Cali like this.
  4. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    I agree. They are predicting even more layoffs through 2009 here.
     
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  5. anditsgood

    anditsgood Active Member

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    best case scenario is we bottom out in mid/late 09, while most think it worse will be in 2010.......


    i believe once the foreclosures slow down, then we willl be ALMOST out of the woods
     
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  6. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    Foreclosures here are really picking up steam sad to say.
     

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