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California unemployment - 'huge increase' to 6.2% in March, worse than Ohio & PA

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Liberal_in_LA Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-18-08 03:41 PM
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California unemployment - 'huge increase' to 6.2% in March, worse than Ohio & PA
http://www.latimes.com/business/la-fi-caljobs19apr19,0,5944269.story

California unemployment hits 6.2%, Worst than Ohio, PA

'This is a huge increase,' a chief economist for the state says of half-point rise in March figures. Losses are greatest in the construction, financial services sectors.

By Marc Lifsher, Los Angeles Times Staff Writer

12:22 PM PDT, April 18, 2008
SACRAMENTO -- California's unemployment rate rose by a whopping half a percentage point in March, reaching 6.2% as a weakening economy shed jobs in the ailing construction and financial activities sectors. In all, 1.13 million were unemployed.

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Mountainman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-18-08 03:50 PM
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1. I'm for infrastructure rebuilding projects that put people to work.
Like during the Great Depression. I would also only allow persons legally able to work in this country to participate. If we took the money we spend on war and spent it on domestic problems we would get out of the recession faster. More people working means more spending means a growing economy. I would also bring back the consumer interest deduction. I'd like to see it as a credit not just an itemized deduction. That would lower most people's tax bill putting more in their paychecks.

There is a lot we can do if we had the will. Problem is that we don't have people with enough of what it takes to do it. Where is FDR when we need him?
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