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Monday, August 02, 2010

California’s Unemployment Woes

Late last week, the Bureau of Labor Statistics released unemployment numbers for metropolitan areas.

Here is a striking tidbit from that report:

“El Centro, Calif., and Yuma, Ariz., again recorded the highest unemployment rates, 27.6 and 26.4 percent, respectively. Among the 12 areas with jobless rates of at least 15.0 percent, 10 were located in California.”

In addition, out of California’s 26 metro areas, only two had unemployment rates below 10 percent (Napa at 9.3% and Santa Barbara-Santa Maria-Goleta at 8.8%). California has one of the highest state unemployment rates in the nation.

A variety of areas have been hit hard since the economic downturn officially started in December 2007. But California has been one of the worst. If state officials are serious about recovery, perhaps they should start rolling back the many and costly burdens government places on the backs of growth-generating, job-creating entrepreneurs. After all, on the latest edition of the “Small Business Survival Index,” which ranks the states according to their public policy climates for entrepreneurship and small business, California ranked a pathetic 49th.

Raymond J. Keating
Chief Economist
Small Business & Entrepreneurship Council

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