California jobless rates are soaring, one out of every ten adults is unemployed. Friday's report from the state showed that it is facing the highest unemployment rates since 1983.
The state is dealing with a workforce of 1,863,000 seeking employment. Those
stats are even worse in Los Angeles Country were the unemployment rate was at 10.5% in January.
It's projected by economist Jack Kyser of the Los Angeles County Economic Development Corp. that the county will lose 89,000 more jobs this year. The Inland Empire group is predicting that the rate will jump to 11.1% by year's end.
Last year Los Angeles County lost 41,000 jobs, mostly in the retail, manufacturing and construction fields.
Another key California job source, the film industry, lost 22,300 jobs in January. Warner Brothers announced last month that it was having to slash 800 jobs.
Add in the
drought that the state is dealing with. The statewide emergency will be costing an addition loss of jobs if predictions by agricultural officials come true.
On Friday Gov. Arnold Schwarzenegger declared a state of emergency after the third straight year of below average rains.
Newser reports:
"The situation is extremely dire," said Tim Quinn, executive director of the Association of California Water Agencies, adding that the governor's action Friday "underscores the urgency of serving the long-term structural problems."