California’s unemployment rate over 10 percent!

California workers without jobs at alarming rate with 10.1 percent jobless rate.

San Francisco, CA (JusticeNewsFlash.com)–California state officials released record unemployment statistics for January 2009, as reported by Reuters late Friday. The 10.1 percent California unemployment rate marks the highest in 25 years. Financial analysts claim a plummeting housing market and a weakening consumer sector drove California’s jobless rate well above the national average of 7.6 percent.

Consumer spending has bottomed since the Wall Street economic fallout. The state has also cut hundreds of thousands of workers and eliminated mass state contracts in an attempt to rescue the faltering state budget. Major private sector corporations and financial institutions have also laid off and eliminated employees and their positions.

JusticeNewsFlash.com news for  San Francisco employment law attorney.

It's only fair to share...Pin on PinterestTweet about this on TwitterShare on LinkedInShare on Google+Share on FacebookEmail this to someonePrint this page

About the Author Justice Seeker

Heather L. Ryan, R.N., C.L.N.C- Heather Ryan is a Certified Legal Nurse Consultant with 15 years of experience in the health care industry. Her expertise in reviewing medical records and assisting lawyers with the determination as to whether legal action should be taken provides an invaluable asset to the newsroom. Medical-malpractice, products liability, personal injury and workers’ compensation are some of the recent areas of litigation Ms. Ryan has focused her efforts on. A member of the Florida Justice Association, Heather maintains a long list of certifications and credentials to support her areas of expertise and stays up-to-date with her clinical knowledge working as an emergency room/trauma nurse, at a Level 1, Adult/Pediatric trauma and teaching institution in South Florida.