Of the 10 worst metro areas in US for unemployment, 8 are in the once Golden State of California per Nov. 2018 BLS. Congratulations to the entire US political class-though it took almost no effort. If you have no opposition and are willing to wait a generation, you can destroy anything
“Based on November’s [2018] numbers, 8 California MSAs are in the 10 Worst Unemployment Rates Nationally.
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Added: California has achieved an “upstairs-downstairs” economy. Most of the vast underclass will remain “downstairs” permanently:
“In California, two-Tier Economy Persists—Central Valley Unemployment More than Twice as High as Bay Area”
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Added: From November 2018 Jobs Report, and California Business Roundtable, California Center for Jobs and the Economy
Four Industries Still below 2007 Pre-Recession Job Levels nationally:
Construction, Mining and Logging, Finance and Insurance, and Manufacturing:
“Source: California Employment Development Department, not seasonally adjusted; wages are running 4 quarter average from QCEW wage data.”
“The highest gain industries were led by lower wage
Food Services, Health Care (with a relatively higher mix of lower and
higher wage occupations), lower wage Social Assistance, and higher wage
Professional, Scientific and Technical Services. Of the lagging industries, three—Manufacturing, Mining and Logging, and Construction—are blue collar middle class wage industries.
While slowing, Construction was still higher than in recent years but
still remains 55,600 below the 2007 level, and 102,100 (10.0%) below the
previous high in 2006.”
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