Friday, January 23, 2009
California's unemployment rate tops 9%
According to business week conditions in California continue to worsen with the unemployment rate reaching 9.3% in December 2008. This is up from 5.9% in December 2007...
This is the worst level of unemployment since 1994, and there are 1.7 million Californians looking for jobs. This will continue to stress California's Unemployment Insurance program and could lead to even more mortgage defaults.