I sure hope the State and local governments adjust their budgets, its going to get much worse!
California Unemployment soars:
California's unemployment rate rose dramatically in October to 8.2%, its highest
level in 14 years, the U.S. Department of Labor reported this morning.
The increase from 7.7% in September was larger than the national increase in joblessness; the U.S. unemployment rate jumped four-tenths of a point, to 6.5%, in a tally reported earlier this month. California's unemployment is the third-highest in the United States, exceeded only by Michigan and Rhode Island at 9.3% each.
Seasonably adjusted unemployment rose 2.5% between October 2007 and October 2008, representing a loss of 101,300 jobs in the Golden State, the Department of Labor said.