Aug 9 2009

California Budget Miscalculation: The $60 Billion Budget Gap. Cargo Levels near Decade Lows. Why the Financial Recovery will come last to California.

The largest singular economy in the United States is still facing a fiscal mess.  California is still trying to grapple with the budget deal that is now in place.  The challenging part seemed getting a budget passed but the more challenging aspect of the budget process is enacting the $26 billion in fixes.  Over the […]

Feb 28 2009

Is the California True Unemployment Rate at 18.47 Percent? The 10.1% Headline Number is the Highest Rate in Over a Quarter Century. 1.8 Million Workers Unemployed in one State. How Many are Partially Employed or Have Given up Looking for Work?

California is a microcosm of the entire United States.  The most populous state with a GDP of $1.8 trillion, much of what happens in California does spread throughout the country.  California’s employment situation is deteriorating at a breathtaking speed.  The latest employment numbers were released after the bell closed on Friday, which now seems to […]

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