12/23/2024

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.<br /><br />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.

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