Calif. unemployment jumps to 11%
April 20, 2012
By John Seiler
California’s economy continues to stagnate. According to new numbers, state unemployment rose from 10.9 percent in March to 11 percent in April. Yet Gov. Jerry Brown, the powerful government-worker unions, liberal activist lawyer Molly Munger and columnists like George Skelton insist that taxes be raised. Yet tax increases would slam the economy even more, raising unemployment higher.
The only “jobs” they care about are those of the government workers, whom Brown calls his “troops.” The rest of us are just taxpayers-slaves forced to subsidize the most incompetent, wasteful state government in American history. That is, until state regulations and taxes kill our jobs and we’re forced to move out of state.
A paltry 18,200 people found new jobs in March, the eighth straight month of increases. Yet economist Dennis Meyers of the state Department of Finance, part of the Brown administration, actually said, “These are still not stupendous gains, but definitely we’re stringing them together now.”
What we’re really “stringing together” is stagnation.
Meanwhile, unemployment in Texas dropped from 7.1 percent in February to 7.0 percent in March. That’s what happens in a state that’s pro-business, with reasonable business regulations and low taxes — including no state income taxes. Put another way, unemployment in California is a whopping 71 percent higher than in Texas.
Gov. Brown keeps yapping about the “California dream” being alive and well. He’s right — but it moved to Texas.
7 comments
Write a commentRelated Articles
CA Legislature may restore internet privacy rights rolled back by Washington
The California Legislature is considering effectively restoring internet privacy regulations in America’s largest state that were adopted for the entire
L.A. sportscaster: Chargers may not be welcome
After months of public-relations skirmishing and a few hours of actual discussions between team officials and elected leaders, the future
Mizzou vs. CA egg fight
One reason for the long prosperity of the United States is that the country is a vast free-trade zone. Whatever
The U/E rate is being gamed and underreported. Look – the number of working aged people is growing. Yet there is a very important employment statistic that many people ignore. It’s the Labor Force Participation Rate (LFPR). It measures the % of working aged people who are actually working. If you look at a graph that shows the trend you would see a significant dropoff since 2002. Currently is stands at about 63.5%. Each percent represents huge numbers of people. When people aren’t working they don’t pay income tax. And unless that number rises to 67% and stays there social security and medicare is in big, big trouble with big consequences much sooner than many expect. We already know that on the present course both programs are unsustainable. And the unsustainability date drops every year. Unless the LFPR goes up and stays there we are screwed by 2020. It’s all about cash flow. If the money flows out much faster than it flow in – over a protracted period of time – sooner or later you run into a brick wall.
We all know the REAL U/E rate in Ca is upwards of 20%. I read that Obama is proposing that people can work and receive U/E at the same time. heh. No I’m not joking. Why? Because of the low-paying crappy jobs. People are opting out and going on welfare instead of working a $8/hr job. Why bust your butt when you can leech off the system? That’s what it all about. When people don’t work the taxman doesn’t get paid. And what about the huge number of people working under the table? 50% of the City of LA. 🙂
Folks, this is a real crisis. No overexaggeration. Either we address it now with REAL solutions or the big ball drops soon. Why do you think your civil liberties are being slowly rescinded? hmmm? Not that hard to figure out.
It’s funny because just before reading this article on unemployment I was reading a article in the Ventura County Star bragging how 3300 jobs were added within the county. Then in just one sentence on the bottom of the article they mention that unemployment rose in the state overall. But the way they wrote it would have one believe that the job market is becoming more promising in the state. Sad how the liberal media has to twist the truth.
Thank you CalWatchDog for your honest research and reporting!
“If I had a son, he would look like Trayvon Martin”
Barack Hussein Obama, March 23, 2012.
The CA U-6 unemployment rate is over 21% and has been for 3 years.
The national U-6 rate is 15%, and that is for the first 3 months of 2012.
So the UE rate is not getting any better and is under reported.
http://portalseven.com/employment/unemployment_rate_u6.jsp
They are gaming the U/E numbers since we are in an election year. It’s rather easy to tweak the outcome by messing the workforce numbers and new entrants into the workforce. Theoretically we could lose jobs and the U/E percentage could still go down. Mark my words. Wait until the election is over and the econ stats will roll over. As I said before – the only jobs being created are Walmart register punchers and pizza deliverers. These people who say the economy is starting to catch fire are totally full of crap. The only thing driving GDP is borrowing, printing and more deficit spending. If the economy were improving deficit spending would fall precipitiously. It’s not. Over $1T again added to the gross fed debt in 2012-13. It’s getting close to crunch time.
I might add that I thoroughly enjoy Mr. B’s as well! You sir, are very well informed! Thanks!
Unemployment among the undereducated ain’t that bad….swap meets, grey market maintenance, stimulant and relaxer distribution, bootleg tobacco conscierge, perscription drug theiving, generic community late nite masked redistribution….
LA is ground zero for a thriving, vibrant economy untouched by regulation….command and control…an economic marvel..no lay zay faire here!!!
Add in government trickle down to welfare fraud specialists, compassionate multi-grand ma home care providers and power weight lifters and kick boxers enjoying long term worker comp benefits pro ided my loving and caring former employers…
Whew!!! Heavy lifting…what is left out?