Posted by Ron Nehring at 5:24 pm on Jun 30, 2014 Comments Off on California’s hardest hit regions, forgotten by Sacramento Democrats, need reflief
California’s lagging and uneven economy is leaving millions of
people behind. This isn’t the election year spin coming
from members of the Ruling Party in Sacramento, but it’s the harsh
economic reality being produced by their policies.
Our state’s high 7.6% unemployment rate is well above the
national average of 6.3%, and even worse when compared to the 5.1%
rate in Texas, California’s toughest economic competitor.
These aren’t just numbers: every percentage point means hundreds of
thousands of more Californians who are out of work and
struggling.
Many Californians have given up looking for work altogether, a
fact reflected in what is called the Labor Force Participation
Rate, which measures the number of people who can work and are
actually in the labor market. The unemployment rate doesn’t
take into account those workers who are no longer seeking
work. California’s rate is only 61.8%, the lowest in 38 years
and 1 point worse than the national rate.
What little statewide improvement we see in joblessness isn’t
statewide improvement at all: Silicon Valley is doing well, and the
counties with the lowest unemployment rates are… Read More