Monday, April 16, 2012

California Recovery: No, It Is Not East vs. West

New Geography reports on the lack of recovery in California:
Orange County, which the New York Times article cites as largely rebounded, is down 127,800 jobs from its pre-recession high. That's an 8.5 percent decline. Los Angeles County is down 337,000 or 8.1 percent of jobs. The difference between unemployment rates, 8.0 percent in Orange County versus 12.1 percent in Los Angeles County, reflects different unemployment levels at the beginning of the recession and the high cost of living in Orange County. Most people can't afford to be unemployed long in Orange County. You either find a job, or you leave.
Yeah! We are Californians , we like a bad economy so we are going to vote for more of the same.