Another sobering statistic to brighten your Labor Day:
It’s been said that official unemployment numbers undercut the true unemployment numbers, with many dropping off the radar as their unemployment benefits expire, and with many taking jobs that “underemploy” them. Still, this study comes as a shock, saying that 2/5 of Californians of working age are out of work.
The report, “In the Midst of the Great Recession: The State of Working California 2009,” by the California Budget Project, states that less than 3/5 of California’s working age adults had jobs in July 2009.
That contrasts to the official unemployment rate, which says that California’s jobless rate is 11.9%.