Archive for the ‘Unemployment’ Category

UC report paints grim picture of California’s job market

April 7, 2012

By Mark Glover

The Sacramento Bee

April 6, 2012

Link: http://www.sacbee.com/2012/04/06/v-print/4396244/uc-report-paints-grim-picture.html

Excerpts:

  • California’s labor market will not return to a healthy state until sometime between 2018 and 2023, according to a new report from the University of California, Berkeley’s Center on Wage and Employment Dynamics.
  • Among the report’s findings and projections: Unemployment in California will remain higher than 10 percent through 2013, wages for most workers were the same in 2011 as they were in 2000 and typical household incomes in California in 2010 were the same as they were in 1998, adjusting for inflation.
  • The complete report can be seen at www.irle.berkeley.edu/cwed.

Commentary:

  • Every state, county, city, and special district governmental employee in California needs to be constantly reminded of these facts whenever they demand obscene salaries/wages, benefits, and pensions.
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