Study: 2 out of 5 working-age Californians jobless
Source from sfgate.com.
A report released Sunday says two of five working-age Californians do not have a job, underscoring the challenges in one of the toughest job markets in decades. A new study has found that the last time employment levels among this group were this low was February 1977.
Hey, 40% unemployment? Recovery is just around the corner and happy days are here again!
The study was done by the California Budget Project, a Sacramento-based nonprofit research group that advocates for lower- and middle-income families. The report said that California now has about the same number of jobs as it did nine years ago, when the state was home to 3.3 million fewer working-age people.
Talk about your lost decade.
California Budget Project executive director Jean Ross recommended Congress adopt a second extension of unemployment insurance benefits. Those checks pay between $200 and $1,800 a month depending on a worker's previous earnings.
Uh, wot? Wait...40% of working age adults are unemployed, which means they aren't paying any income tax. So, the solution is to give them more money from a budget that is already tapped out?