Saturday, January 26, 2013

CA soon could have highest U.S. unemployment rate

California’s unemployment rate stayed the same in December, at 9.8 percent, the third highest. But what’s curious is that the unemployment rates of No. 1 and No. 2, Nevada and Rhodes Island at 10.2 percent each, are inching downward and soon likely will be lower than California’s. - Cal Watchdog

California’s higher taxes, stiffer regulations and hare-brained schemes like High-Speed Rail are going to increase unemployment here.

Hoping to excel his late father’s accomplishments with building infrastructure in the 1960s, Brown was enthusiastic in his speech... about his dream for California. The reality will be that he’ll soon be dealing mainly with higher unemployment and declining budgets.