All news Articles

 

 

California unemployment rises to 11.5% in May

Posted at: 2009-06-19

Reporting from Sacramento — California's unemployment rate shot up to 11.5% in May, its highest level since current record-keeping began more than three decades ago.

That's a substantial increase over a revised rate of 11.1% in April, the U.S. Department of Labor reported this morning.

The national unemployment rate for May was 9.4%.

Only four states have higher unemployment rates than California: Michigan at 14.1%, Oregon at 12.4% and Rhode Island and South Carolina, tied at 12.1%.

Unemployment in California in May 2008 stood at 6.8%

By Marc Lifsher, June 19, 2009, LA Times

Hanes Apartment Advisor
Downtown Forecast Sees Gloom and Recovery

L.A. council blocks rent freeze, triggering protests

Hunting for Cheap Flats

Tips for the potential apartment investor

Falling rents aid homeowners in mortgage trouble

Why you should ask for lower rent

Vacancies give renters room to negotiate

Commercial real estate market has space for small investors

Sour commercial real estate loans threaten to hurt regional banks

Study Forecasts Falling Apartment Rents

Largest Multi-family Sale in Southern California Los Angeles Metro Area

Apartment Values to Fall a Cumulative 32% from Year-End 2007 to 2010, PPR Forecasts

States with worst jobless rates share root causes

Housing downturn hits L.A.-area rents