Friday, February 29, 2008

Unemployment rate up 13% YOY

If we are losing jobs who will buy all of these homes? If there are less people employed who will rent all of these homes that are available for rent? What will be the impact on prices?


Bakersfield Californian:

Kern County’s unemployment rate rose to 9.9 percent in January, up from 9.4 percent in December and 8.8 percent a year before, according to data released Friday by the state Employment Development Department.

Most of the 11,500 jobs lost countywide between December and January — 8,600 of them — were farm-related, data show. The second-largest category of jobs lost that month was that of trade, transportation and utilities, where 1,000 positions were eliminated. In no main category were jobs created in Kern that month.

4 comments:

Rob Dawg said...

Unemployment rate up 13% YOY

Change in Unemployment up 13% YOY.

Huge difference. We bloggers have higher standards than the MSM.

Bob said...

Injoy the blog, but

...."If there are less people employed who".

If you can count it (people) us fewer if you can't use less (ie food)
:)

Bob said...

Injoy the blog, but

...."If there are less people employed who".

If you can count it (people) us fewer if you can't use less (ie food)
:)

Bakersfield Bubble said...

Thanks guys. Ugh!