[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

"Why the DemocRATZ Activist Class Couldn’t Celebrate the Cease-Fire They Demanded"

Antifa Calls for CIVIL WAR!

British Police Make an Arrest...of a White Child Fishing in the Thames

"Sanctuary" Horde ASSAULTS Chicago... ELITE Marines SMASH Illegals Without Mercy

Trump hosts roundtable on ANTIFA

What's happening in Britain. Is happening in Ireland. The whole of Western Europe.

"The One About the Illegal Immigrant School Superintendent"

CouldnÂ’t believe he let me pet him at the end (Rhino)

Cops Go HANDS ON For Speaking At Meeting!

POWERFUL: Charlie Kirk's final speech delivered in South Korea 9/6/25

2026 in Bible Prophecy

2.4 Billion exposed to excessive heat

🔴 LIVE CHICAGO PORTLAND ICE IMMIGRATION DETENTION CENTER 24/7 PROTEST 9/28/2025

Young Conservative Proves Leftist Protesters Wrong

England is on the Brink of Civil War!

Charlie Kirk Shocks Florida State University With The TRUTH

IRL Confronting Protesters Outside UN Trump Meeting

The UK Revolution Has Started... Brit's Want Their Country Back

Inside Paris Dangerous ANTIFA Riots

Rioters STORM Chicago ICE HQ... "Deportation Unit" SCRAPES Invaders Off The Sidewalk

She Decoded A Specific Part In The Bible

Muslim College Student DUMBFOUNDED as Charlie Kirk Lists The Facts About Hamas

Charlie Kirk EVISCERATES Black Students After They OPENLY Support “Anti-White Racism” HEATED DEBATE

"Trump Rips U.N. as Useless During General Assembly Address: ‘Empty Words’"

Charlie Kirk VS the Wokies at University of Tennessee

Charlie Kirk Takes on 3 Professors & a Teacher

British leftist student tells Charlie Kirk facts are unfair

The 2 Billion View Video: Charlie Kirk's Most Viewed Clips of 2024

Antifa is now officially a terrorist organization.

The Greatness of Charlie Kirk: An Eyewitness Account of His Life and Martyrdom

Charlie Kirk Takes on Army of Libs at California's UCR

DR. ALVEDA KING: REST IN PEACE CHARLIE KIRK

Steven Bonnell wants to murder Americans he disagrees with

What the fagots LGBTQ really means

I watched Charlie Kirk get assassinated. This is my experience.

Elon Musk Delivers Stunning Remarks At Historic UK March (Tommy Robinson)

"Transcript: Mrs. Erika Kirk Delivers Public Address: ‘His Movement Will Go On’"

"Victor Davis Hanson to Newsmax: Kirk Slaying Crosses Rubicon"

Rest In Peace Charlie Kirk

Charlotte train murder: Graphic video captures random fatal stabbing of young Ukrainian refugee

Berlin in July 1945 - Probably the best restored film material you'll watch from that time!

Ok this is Funny

Walking Through 1980s Los Angeles: The City That Reinvented Cool

THE ZOMBIES OF AMERICA

THE OLDEST PHOTOS OF NEW YORK YOU'VE NEVER SEEN

John Rich – Calling Out P. Diddy, TVA Scandal, and Joel Osteen | SRS #232

Capablanca Teaches Us The ONLY Chess Opening You'll Ever Need

"How Bruce Springsteen Fooled America"

How ancient Rome was excavated in Italy in the 1920s. Unique rare videos and photos.

Reagan JOKE On The Homeless


Status: Not Logged In; Sign In

United States News
See other United States News Articles

Title: California job losses grow (871K lost in 2009 vs initial estimate of 579K)
Source: [None]
URL Source: [None]
Published: Mar 3, 2010
Author: George Avalos
Post Date: 2010-03-03 14:06:10 by Nebuchadnezzar
Keywords: None
Views: 591
Comments: 4

California job losses grow

By George Avalos Contra Costa Times Posted: 03/01/2010 04:30:00 PM PST

California lost far more jobs last year than the state initially reported, according to a new report that provides an early glimpse into statewide employment trends.

"The economy was a lot worse than everybody thought," said Howard Roth, chief economist with the state's Department of Finance. "The job market is weaker than we figured."

According to an estimate from the state Employment Development Department, California employers shed 871,000 jobs in 2009. If that estimate holds up when final revisions are released this month, California's job losses would be far more grim than first believed. The agency reported as recently as Jan. 22 that California employers chopped 579,000 jobs from payrolls in 2009.

That would translate into 292,000 more lost jobs.

"If it comes to that number, it would be one of the biggest revisions ever," said Paul Wessen, an economist with the state EDD. "I can't remember a revision this big since the early 1990s, when we lost a lot of aerospace jobs."

"This is the worst recession for California since the Great Depression," said Brad Kemp, director of regional research with Beacon Economics.

Bleak economic conditions come as no surprise for Bay Area job seekers.

"The job market is pretty tough," said Nyla Burt-Heeder, a Martinez resident who is seeking work as an administrative assistant in the medical industry. "It's fairly difficult to get the type of income that you want."

Burt-Heeder has Advertisement Quantcast yet to get an interview. She's been looking since mid-January since she was laid off from her job at Contra Costa Regional Medical Center.

Why are job losses so much worse than first thought? The EDD's monthly estimates depend in part on the number of employers it believes exist in California at a given time. But the recession has erased numerous companies.

"Businesses went away and no longer existed that we originally thought were there," said Dennis Meyers, an economist with the state finance department.

"When you have a recession this severe, you can have a variation like this," added Wessen, the EDD economist. "The monthly payroll survey predicts the direction the economy is heading. But it often doesn't get the magnitude of the change."

If the job erosion intensifies, that could force state officials to revamp estimates for economic growth — and the amount of cash expected to enrich state coffers.

"It means the revenue stream is going to be that much lower," Roth, the finance chief economist, said. "The job base on which revenues depend is lower."

Some hopeful signs have emerged lately. A new report by IHS Global Insight predicts jobs in the state may grow 0.9 percent in 2010.

"We are getting to the bottom of the job losses," said Kemp, the Beacon economist.

That doesn't mean things will be noticeably better any time soon. Employers may need to see six to 12 months of profit improvements before they resume hiring.

"Being at the bottom doesn't necessarily feel good," Kemp said. "Things aren't getting better. They just aren't getting exponentially worse."

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

Begin Trace Mode for Comment # 1.

#1. To: Nebuchadnezzar (#0)

The irony is the fact liberals that made California the disaster it is today have moved to Oregon and Washington State because they couldnt' afford to live under their own insane tax and spend stuff in California.

And their doing it again in those two states....(chuckle)

Being a Democrat means you ignore reality...or move to another state where you can fuck it up, too.

Badeye  posted on  2010-03-03   14:12:19 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 1.

#2. To: Badeye (#1)

The irony is the fact liberals that made California the disaster it is today have moved to Oregon and Washington State because they couldnt' afford to live under their own insane tax and spend stuff in California.

The bigger irony is that most of those asshole liberals first moved here from the east coast decades ago.

This was a hell of a state before the hordes from the East invaded us and took over the government.

Skip Intro  posted on  2010-03-03 14:51:34 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 1.

TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com