State Keeps Bleeding Jobs-California payrolls fall by 8,400 positions in D

[RamboLiberal]

http://www.latimes.com/business/la-fi-caljobs17jan17,1,121872.story?coll=la-home-headlines

California employers shed a net 8,400 jobs in December, capping three consecutive years of falling payroll employment — the worst performance since the early 1990s recession.

The report released Friday by the state Employment Development Department was discouraging to economists, who have long been expecting an upturn in hiring. And it was unsettling to budget watchers who know that California can't hope to emerge from its deep fiscal hole without a boost in jobs and income — and the tax revenue they generate.

The employment numbers stand in sharp contrast to a raft of upbeat data showing that the economy is poised for solid expansion. Consumer confidence is on the rise in California. Ditto for factory orders and production. Corporate profits are up. The state's housing market is on a tear. And income tax payments to Sacramento are running ahead of projections.

What's missing from the party are tens of thousands of newly California employees who, by anyone's reckoning, should have been on the job by now. Some analysts worry that unless companies start boosting their payrolls soon, the recovery could fizzle before it really heats up.

[POed_Ex_Repub]

1. With few exceptions, the job market isn't getting better much anywhere..

I don't doubt the anger over this after another 10 months of being fed the hype of an "economic recovery". (Saying this as he sifts through the job sites online)

[The_Casual_Observer]

2. Of course it's bad.

You can't fucking pray away these problems. These clowns in the media and in government actually believe that all one has to do is click their heels and say "there's no more recession...there's no more recession"

What happened to the "reputation staking" pronouncement by that bastard Snow that we will see "200,000+" jobs created each month by the end of the year (2003). And why haven't they called him to account yet???

[AndyTiedye]

3. Bush* WANTS High Unemployment

He needs more cannon fodder in the Army.
He doesn't care about the votes of the unemployed, he plans to steal the election anyway.

[fearnobush]

4. Q3 of 8.2% wow great, if your already rich.

In fact, only 243,000 new jobs were created in the last 5 months. Q3 came in around 170,000 somthin' hardly what Snow job was calling for back in August. An 8.2 GDP is a rare event that should have spawned over 200,000 jobs a month by now. The real picture is that this jobless recovery looks to be quite permanent. Why? WTA. free trade has allowed our corporate giants to milk workers to the highest efficiency ratings ever. They make millions more by using overseas labor, and will keep doing it until they are forced to stop, or unless some new market emerges say like, the Moonian or Martian oil fields etc. Not likely anytime soon. To much money to be made with the current paradigm. If we factor in the 150,000 jobs per month needed, just to keep up with expanding POP growth, we really need to create 350,000 jobs per month to recover what was lost since Chimpster stole office 3 years ago. And at that rate, it will still take over 2 years to recover.