From the OC Register:
In contrast to Gov. Brown's assertions, our once Golden State continues to face a statewide 9.8 percent unemployment rate which, despite recent economic gains throughout the country, is still almost 2 percent higher than the national average of 7.9 percent. According to the U.S. Bureau of Labor Statistics, underemployment in California averaged 19.3 percent in 2012 while the rest of the nation averaged 14.7 percent. A recent study conducted by NEXT 10 and the UC Irvine Center for Economics concluded: "Despite growth in economic output that has been about average, California's job growth has been more sluggish than many other states. This is true overall, and for manufacturing employment specifically. The slower job growth is not solely a function of the Great Recession hitting California harder ... California's unemployment rate has consistently exceeded national as well as regional averages."

For the full story, please visit http://www.ocregister.com/news/california-497730-state-budget.html.
 

 

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