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.

1 comment:

mberenis said...

Insurance is changing as we know it due to obama and the unemployment. Since then the rates have drastically changed. All leading companies have changed lots of policies. When was the last time you researched insurance rates? You'd be surprised what recently changed!!!