CA Lost 855,000 Jobs Since Beginning of Depression

California has lost 100,600 jobs in the financial industry in past five years.

The State lost 126,000 government jobs in five years.

In total, California has lost a net of 855,000 jobs in five years.

Jerry Brown, the unions and Munger have the answer:

They want to raise taxes by over $160 billion.  What do you think that will do to revenues and jobs.

Ready to call yourself a Texan?  Chuck DeVore calls himself a Texan—as does hundreds of former California businesses and tens of thousand of former California families.

 

California loses 100,600 financial sector jobs in four years

Sacramento Business Journal by G. Scott Thomas, 3/28/12

California lost 100,600 financial sector jobs in the four years since the recession began.

California continues to struggle on the job front, and that includes the financial sector, which led the nation into the recession and has yet to make a full recovery.

According to an On Numbers analysis of U.S. Bureau of Labor Statistics data, 45 states and the District of Columbia have fewer financial-services jobs now than they did four years ago, when the economic downturn was just beginning.

California saw the worst drop in the sector in terms of raw numbers, losing 100,600 positions in four years. Neighboring Nevada lost the most in terms of percentage, losing 17.7 percent of its financial jobs since 2008.

Sacramento’s jobs dropped by 11.65 percent, going from 863,600 in January 2008, just after the official beginning of the recession, to 763,000 in that same month this year.

Louisiana had the greatest increase in financial jobs, rising 1,800 since January 2008, followed by North Dakota, up 1,300 financial jobs and Texas, up 1,000.

The financial-services field encompasses a wide range of firms, including banks, stockbrokerages, securities exchanges, mortgage brokerages, insurance carriers and employee benefit funds.

Overall, California lost 855,200 jobs since the beginning of the recession, and lost 126,300 government jobs.

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