Politics

California Unemployment Hits 10.1%

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The biggest economy in America is now suffering from double digit unemployment.

So what about underemployment? Well, that’s probably closing in on 20%.

Just thought you should know.

  • Chris

    Well I know what will fix it.

    Tax cuts. yep, give all those unemployed tax cuts. that’ll fix it.

  • shane

    …or we could spend money we don’t have to prop it up for a few more years and pretend that we won’t ever have to pay it back….. yup, that’ll fix it.

    http://www.allbusiness.com/government/government-bodies-offices-regional-local/10603888-1.html

  • http://www.warning1938alert.ytmnd.com Jimmy the Dhimmi

    California already has one of the highest tax-burdens for businesses in the country, a 7.25% sales tax, and one of the most progressive income taxes of any state in the union. Could that be related to the fact that they are reaching some of the highest unemployment?

  • Aaron

    Jimmy: Not sure on the grand scheme of things, but on a personal level even with huge taxes I got a large refund. I’m really okay with higher taxes in California if it means my friends who work for the state get to keep their jobs. Right now having a job is more important than paying fewer taxes.