California unemployment rises
The L.A. Times reported this morning that unemployment rates in California have grown again in January. The state now ranks fifth highest for unemployment in the country. In nearly eight counties, more than one in five people are out of work. The chart topper in Southern California is Imperial County with an unemployment rate of 27.3%. The Inland Empire reached 15% in January and Los Angles County hit 12.5%. With the steady growth in GDP over the last three months of 2009, the numbers have startled analysts, so the question is… when will hiring match that trend?
Chris Thornberg, principal at Beacon Economics
Sam Couchman, director of the Imperial County workforce development office and board
Ron Loveridge, mayor of Riverside and president of the National League of Cities.