The layoffs tapered off in July and the economy seems poised for recovery.Great moments in Blue America.
Except in California.
Wall Street and the White House celebrated a relatively upbeat national unemployment report Friday, marked by lower-than-expected job losses in July and an actual dip in the unemployment rate.
But there was little joy in California, where the job loss has been relentless and where economists said the state is likely to lag behind the nation when the upturn gets under way.
Saturday, August 08, 2009
Recession isn't over for California
The Sacramento Bee reports: