California lost more than five times as many jobs in September as it did the month before, signaling that the state’s employment woes continue despite a budding economic recovery.
Employers cut 39,300 workers from their payrolls last month, according to figures released Friday by the state Employment Development Department, led by cuts in construction and government.
A separate survey of joblessness showed that California’s unemployment rate was 12.2% in September, down from a revised 12.3% in August. But that decline wasn’t a reflection of a stronger job market. The rate fell only because thousands of jobless Californians gave up searching for work last month and were no longer counted as unemployed.
“It is discouraging,” said Esmael Adibi, an economist at Chapman University. “We want to see job losses go down and the pace slow down, but we didn’t see it.”
Ok, I guess I am not the sharpest tool in the shed, but how do they go from:
“…California’s unemployment rate was 12.2% in September…”
and:
“The trouble is that none of those sectors is doing well at present.”
to:
“…a budding economic recovery.” ???
I don’t see it. Is it one of those magic 3D picture things that you have to unfocus your eyes to see?
This decline started long before the current downturn. California has created a environment openly hostile to successful business. No wonder so many are leaving.
they’re showing the limits of great weather and natural beauty/attractions, now aren’t they….
#3 But weren’t great weather and recreational opportunities, not to mention the whole liberal artsy/gay vibe thing supposed to attract and hold the “creative class”?
No wait, that would be …. jobs.