Dan Walters: Uneven Economic Recovery California’s Biggest Political Story of 2013
The latest data are, for the most part, positive. A few years ago, the state’s unemployment rate was well over 12 percent, one of the highest in the nation, and it had lost well over a million jobs. But through November, the state Department of Employment Development reported, California had regained over 900,000 jobs, and its jobless rate had dropped to 8.5 percent. The darker side of the data, however, is that California still has more than 1.5 million unemployed workers and the gains have been pretty much confined to a few coastal enclaves, particularly those in the immediate Bay Area.