The Los Angeles Times reported this morning California’s unemployment rate has set a new postwar high to a tune of 12.2%
Wow. One sees that on paper, but it doesn’t seem to be fathomable.
According to the L.A. Times:
“The state is one of 14 in the nation with an unemployment rate in the double digits, the Bureau of Labor Statistics reported today. Only Michigan, Nevada and Rhode Island, at 15.2%, 13.2% and 12.8%, respectively, have higher unemployment rates than California. The national unemployment rate in August was 9.7%.
California has shed 741,000 jobs in the last year, and the state’s unemployment rate has climbed 4.6 percentage points from August 2008. The state’s July unemployment rate was 11.9%.”
How has the economic climate impacted you? Your family? Your business?
Have you developed creative ways to combat the economic challenges? Have they worked? What are some examples.
I’d love to share your “winning” experiences so that they may be examples and inspiration for others out there who are finding this period challenging.
September 18th, 2009 at 9:55 am
To answer your question on facebook, too challenging for me. I am a new realtor and there are so many more foreclosures than anything else that I can’t seem to break into the listing market. Our unemployment rate in Oregon is the highest in the nation, as well. People do not have the money saved that they need to make a large purchase, lke a home.