Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

8/22/2011 (3 years ago)

Catholic Online (www.catholic.org)

California now only second to Nevada in terms of unemployment

Things just got a little bit more desperate in the Golden State. After clinging to a jobless rate of 11.8 percent in June, California's jobless rate now stands at an even 12 percent. In fact, California is now only second to its bordering state of Nevada in terms of idled workers. Nevada is currently under the scourge of 12.9 percent unemployment.

The glamor of tinseltown is tarnished as this homeless woman takes time to rest on Hollywood Boulevard.

The glamor of tinseltown is tarnished as this homeless woman takes time to rest on Hollywood Boulevard.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

8/22/2011 (3 years ago)

Published in U.S.

Keywords: California, joblessness, hiring, unemployment


LOS ANGELES, CA (Catholic Online) - California's jobless rate is well above the U.S. average of 9.1 percent, according to the state's Employment Development Department.

New hires for the month of July were especially brutal. California employers added just 4,500 new jobs last month, a steep drop from the revised 30,400 jobs added in June.

"The California economy is treading water. It's growing but not fast enough to create net new jobs," Scott Anderson, a senior economist at Wells Fargo Securities says.

"The recent knock in consumer and business confidence could be enough to tip California back into recession."

California, analysts say is performing worse than the nation largely because of its real estate hangover. When the property bubble burst, it wiped out 1.3 million jobs, many of them in construction, real estate and mortgage-related financial services, and those sectors haven't recovered as of yet.

While San Diego's bio-sciences companies and technology firms in the Bay Area remain strong and healthy, their growth hasn't been strong enough to pull California out of its slump.

In addition, the public sector is a major employer in California, which in the past has acted as bulwark during tough times. Deep budget cuts have forced many local governments to shed workers this time around.

California's economic well-being is largely tied to the health of the U.S. economy, whose growth has slowed as the year has progressed. Economists say there's no quick fix that California leaders can use to turn the unemployment situation around.

"There is nothing much they can do," economist Esmael Adibi of Chapman University in Orange says. "The state generally can make the business climate healthy and not impose too much regulation and zoning and taxes and in the short term, control spending."

More than 2.1 million Californians remain unemployed and one-third of them have been jobless for a year or more.

---


Pope Francis: end world hunger through 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for August 2014
Refugees:
That refugees, forced by violence to abandon their homes, may find a generous welcome and the protection of their rights.
Oceania: That Christians in Oceania may joyfully announce the faith to all the people of that region.



Comments


More U.S.

Why I Said No to the ALS Ice Bucket Challenge: Embryonic Stem Cell Research Is Deadly Watch

Image of I was approached to take the Ice Bucket Challenge to help bring an end to ALS. I said No. I have tried to explain why I said No in this article. I hope it is a helpful contribution in our public discussion. As a Christian, it is never easy to be seen as seemingly unwilling to support a noble cause such as the eradication of a debilitating disease. However, it is vital that we stand for for the fundamental and foundational moral truth which underlies every effort to end disease, the dignity of every human person, including embryonic human persons.

By Deacon Keith A Fournier

I was approached to take the Ice Bucket Challenge to help bring an end to ALS. I said No. I have tried to explain why I said No in this article. I hope it is a helpful contribution in our public discussion. As a Christian, it is never easy to be seen as seemingly ... continue reading


Toward a Christian Vision of Human Work On Labor Day Watch

Image of Christians need to bear witness in the real world to the true value, purpose, meaning and dignity of all human work - just as we bear witness to the inherent value and dignity of every human worker. This is a vital part of our witness to an age which has lost its way.

By Deacon Keith A Fournier

Adam and Eve worked in the garden and it brought them great joy. For the Christian, work is meant to become a participation in the continuing redemptive mission of Jesus, and His ongoing work. Jesus viewed his entire life and mission as work. He was always doing ... continue reading


American Islamic terrorist Fort Hood shooter requests to join Islamic State as a 'citizen' Watch

Image of Nadal Hasan, the man who killed 13 people during a rampage at Fort Hood in 2009, has written a letter to the Islamic State asking to join the terrorist organization as a citizen.

By Catholic Online (NEWS CONSORTIUM)

U.S. Army psychiatrist, Nadal Hasan, who killed 13 people at Fort Hood back in November 2009 has written a letter to the leader of the Islamic State, asking to become a citizen of the Islamic State's caliphate, an attorney of Husan reported on August 28. LOS ... continue reading


St Augustine on a Personal Relationship with Jesus Watch

Image of St Augustine

By Deacon Keith Fournier

But we too can encounter Christ in reading Sacred Scripture, in prayer, in the liturgical life of the Church. We can touch Christ's Heart and feel him touching ours. Only in this personal relationship with Christ, only in this encounter with the Risen One do we ... continue reading


SHAKEN WINE: Strong earthquake jolts California's wine region Watch

Image of The weekend's temblor was felt widely throughout the region, from more than 200 miles south of Napa and as far east as the Nevada border.

By Catholic Online (NEWS CONSORTIUM)

A magnitude 6.0 earthquake rumbled through the early Sunday morning hours in the heart of California's wine country. The epicenter was near the city of Napa in the Golden State's north. Fires erupted in a mobile home park where four homes were destroyed and two ... continue reading


Money is NOT the Root of Evil: Living Simplicity Watch

Image of Simplicity is not about the quantity of the goods of the earth we possess. It is about our relationship to them. Jesus said - Where your treasure is, there your heart will be also. (Matt. 6:21).

By Deacon Keith A Fournier

Learning to live in evangelical Simplicity strips away what impedes love. In finding our proper relationship to the goods of the earth- not rejecting them, craving them, or turning them into an idol- we can learn true freedom. Our eyes are opened and everything begins ... continue reading


Is Transgenderism a Mental Disorder or a Right? Watch

Image of Pope Emeritus Benedict was absolutely correct when he said, - the profound falsehood of this theory and of the anthropological revolution contained within it is obvious. - Gender is a gift. It is also a given. The dangers of the Gender Identity Movement are becoming increasingly clear.

By Deacon Keith A Fournier

In a culture where freedom has been redefined as a right to choose anything and liberty has degenerated into license, the newspeak of the age has declared the instrumental use of the body of another to be sexual freedom. It is not freedom. It turns people into ... continue reading


WORST YET TO COME? Islamic State threat 'beyond anything we've seen,' Pentagon says Watch

Image of IS is

By Catholic Online (NEWS CONSORTIUM)

Catholic Online has been keeping very close watch on the atrocities being committed by Islamic State in both Iraq and Syria, and according to a top government official - the worst is yet to come. According to Defense Secretary Chuck Hagel, the sophistication, ... continue reading


Lawsuit dropped against devil worshiper in Oklahoma Watch

Image of Lawyers representing Archbishop Paul Coakley had earlier demanded the return of a communion wafer obtained by the group.

By Catholic Online (NEWS CONSORTIUM)

The leader of a satanic group in Oklahoma City had threatened that he and his followers would defile a consecrated communion wafer as an offering to Satan as a carnal sacrifice at a "Black Mass" ceremony inside Oklahoma City's Civic Center Music Hall. The ... continue reading


Should Americans have job preference over unskilled-illegal immigrants? President Obama doesn't think so Watch

Image of New polls are showing that Americans are tired of illegal immigrants getting benefits at the expense of citizens and legal immigrants.

By Catholic Online (NEWS CONSORTIUM)

According to the Associated Press: "one of the more popular requests among business and family groups is a change in the way green cards are counted," which would "essentially free up some 800,000 additional visas the first year." LOS ANGELES, CA (Catholic ... continue reading


All U.S. News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, First Corinthians 2:10-16
10 to us, though, God has given revelation through ... Read More

Psalm, Psalms 145:8-9, 10-11, 12-13, 13-14
8 Yahweh is tenderness and pity, slow to anger, full ... Read More

Gospel, Luke 4:31-37
31 He went down to Capernaum, a town in Galilee, and ... Read More

Saint of the Day

Saint of the Day for September 2nd, 2014 Image

St. Ingrid of Sweden
September 2: Born in Skänninge, Sweden, in the 13th century, St. Ingrid lived ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter