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California Jobless Rate Climbs to Highest Level Since 1983

March 20 (Bloomberg) -- California’s jobless rate surged to 10.5 percent in February, the highest level since 1983, as slumps in housing, manufacturing and retailing deepened.

Unemployment in the most populous U.S. state climbed from 10.1 percent in January, its Employment Development Department reported today in Sacramento. Neighboring Oregon’s jobless rate rose a full percentage point to 10.8 percent, and Nevada’s increased to 10.1 percent, both breaking into double digits for the first time since the early 1980s.

“The West Coast is more heavily dependent on real estate and the decline there has been more pronounced” than in the rest of the U.S., said Sung Won-Sohn, an economics professor at California State University-Channel Islands in Camarillo, California. “We are not seeing any signs of stabilization in the job market.”

El desempleo no hay quien lo pare ahora mismo (Y hablo de EEUU, porque aquí ya es de traca) No entiendo cómo se pueden atrever a hacer esas afirmaciones...En fin, ellos sabrán que para eso cobran más que nosotros...