How goes the California Depression? We lost another 18,000 jobs last week. That number does not include the 1,000 Comcast jobs lost and the 2,000 jobs lost from Campbell’s—both because it is too expensive to do business in California.
When will the people of this State revolt? How much longer will we allow Sacramento to destroy our jobs, economy, schools and families?
The job lost is evidence of the failed government polices. Keep AB 32 and it will get worse. Want to steal one billion dollars from businesses starting November 15 (cap and trade) and still think we can keep jobs in this State? Pass the tens of billions of new taxes continue the $200 billion choo choo—why would anybody invest in this State?
This is going to be a generation long Depression. Thanks to Sacramento we are the poster child that government is the problem, not the solution.
Sacramento Business Journal by Melissa Wiese, 9/27/12
California reported the largest increase in new jobless claims of 18,522.
The number of people filing new jobless claims dropped by 26,000 to 359,000 from the previous week’s revised figure of 385,000, according to the U.S. Department of Labor. California saw a large spike in new claims.
The four-week moving average was 374,000, or a drop of 4,500 from the previous week.
The number of people claiming unemployment benefits was 5,173,586, or a drop of only 11 from the previous week. At this same time last year, 6,983,307 people were claiming jobless benefits – meaning the ranks of the jobless have dropped by almost 2 million in a year. Though some may have simple dropped out of the job search and benefits eligibility.
The Golden State reported the largest increase in new claims of 18,522. It attributed the change to a return to a full-day work week after the Labor Day holiday. Figures are based on a two-week lag.
Also reporting large jumps in new claims: Michigan (3,522), Florida (2,018), New York (1,969) and Indiana (1,739). The largest drops in new claims were in Louisiana (4,150), Puerto Rico (854), Missouri (811), Kentucky (710) and Mississippi (518).
Click here for the full employment claims report from the Department of Labor.