Interesting step-back analysis piece by David Leonhardt on the cover of the New York Times today (and online here).
While the official unemployment rate in California is around 11%, the real proportion of workers who can't find full-time jobs is more like 20%. Yes, that's one in five workers off the job or working part-time, giving California the third-highest rate behind Oregon (23%) and Michigan (22%). The interactive map is here.
As Leonhardt points out, those numbers only reflect folks who have been looking for work. In places like Detroit, Buffalo and other economically smacked urban centers, the percentage of work-age people without jobs is much higher.
"The Great Recession," Leonhardt calls it. Seems about right.
While the official unemployment rate in California is around 11%, the real proportion of workers who can't find full-time jobs is more like 20%. Yes, that's one in five workers off the job or working part-time, giving California the third-highest rate behind Oregon (23%) and Michigan (22%). The interactive map is here.
As Leonhardt points out, those numbers only reflect folks who have been looking for work. In places like Detroit, Buffalo and other economically smacked urban centers, the percentage of work-age people without jobs is much higher.
"The Great Recession," Leonhardt calls it. Seems about right.