Saturday, August 08, 2009

Recession isn't over for California

The Sacramento Bee reports:
The layoffs tapered off in July and the economy seems poised for recovery.

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.
Great moments in Blue America.