The grim situation in California is about to get grimmer as Unemployment Benefits Go Bye-Bye
More than 200,000 long-term jobless Americans will lose their unemployment checks this week, when eight states roll off the federal extended benefits program.
Nearly half of them live in California, and the rest reside in Florida, Illinois, North Carolina, Colorado, Connecticut, Pennsylvania and Texas.
What's wrong with the economy in California? We know. It's a long list. But we're specifically looking at the seasonally-adjusted trend in the state's weekly number of initial unemployment insurance benefit claims, which are filed whenever people are laid off from their jobs.
NY Times -- "Over most of the past decade, budget deliberations in Michigan have taken on a glum and familiar monotony: What do we cut now? But the state that experienced an economic downturn earlier, deeper and longer than most of the rest of the country has made an unlikely discovery as its official
The latest figures indicate the recession is dragging into 2010. The state's jobless rate was 10.2% last February. Nationally, the jobless rate was similarly flat, at 9.7% for the first two months of
California's unemployment rate held steady at 12.5% in February, as effects of the recession dragged into 2010, the U.S.