From the LA Times.com:
California's jobless rate jumped to 6.1% in December, up from 4.8% a year ago, prompting Gov. Schwarzenegger today to take steps to combat rising unemployment.
The steep rise in joblessness from 5.6% in November showed that the ongoing housing slump, the fallout from the sub-prime mortgage debacle, and widespread production shutdowns amid the Hollywood writers strike took their toll on the state's economy in December.
Schwarzenegger called an emergency meeting of state officials Thursday. The governor instructed agency directors and department heads to immediately recommend ways to speed the release of $29 billion in unallocated funds from the 2006 infrastructure bonds. He said he wants to speed up construction of roads and schools and levee repairs to stimulate economic growth and "keep more people working."
"The people of California are feeling the hit of the sub-prime mortgage
crisis and housing slump," Schwarzenegger said in a statement today.