California Underemployment Rate at 24 Percent – 100,000 Workers Will Lose their Unemployment Insurance. No Housing Recovery can be had without Emplo

California Underemployment Rate at 24 Percent – 100,000 Workers Will Lose their Unemployment Insurance. No Housing Recovery can be had without Emplo

Tuesday, April 20, 2010

From Dr. Housing Bubble:

California has reached another unfortunate record. The headline unemployment rate pushed up to a record breaking 12.6 percent. This translates to 2.3 million Californians completely out of work. We also have a large number that are working part-time but would like full-time employment. When we look at the California budget and economy we cannot separate out jobs from the condition of the housing market. California’s big error during the decade was that the health of real estate was the health of jobs. That is, many jobs (too many) depended on the housing bubble. As the bubble burst so has the economy. Yet the current strategy seems to rely on real estate recovering again instead of building up jobs in other industries. If we look at the underemployment rate we are quickly approaching 24 percent. We also have many toxic mortgages that are still sitting in the balance sheets of banks but more are making their way to market.

Let us first examine the employment situation in the state:

Continue Reading...

California Underemployment Rate at 24 Percent – 100,000 Workers Will Lose their Unemployment Insurance. No Housing Recovery can be had without Emplo Reviewed by NajlA On Tuesday, April 20, 2010, at 4:10 AM Rating: 5
Saat ini kamu sedang membaca artikel "California Underemployment Rate at 24 Percent – 100,000 Workers Will Lose their Unemployment Insurance. No Housing Recovery can be had without Emplo" by NajLa pada hari Tuesday, April 20, 2010 waktu 4:10 AM, dalam kategori Market, Mining News . Kamu boleh menyebarluaskan artikel California Underemployment Rate at 24 Percent – 100,000 Workers Will Lose their Unemployment Insurance. No Housing Recovery can be had without Emplo ini dengan menyertakan link sumber dari blog ini. Mudah-mudahan Artikel Mengenai California Underemployment Rate at 24 Percent – 100,000 Workers Will Lose their Unemployment Insurance. No Housing Recovery can be had without Emplo yang ada di blog pom-ponkini bisa bermanfaat bagi semuanya.