Friday, May 22, 2009

CA Leads Nation In April Job Losses

from NYT:

Forty-four states lost jobs in April, led by California where employers slashed 63,700 positions, as the recession took a further toll on workers.

Trailing California in over-the-month job losses were Texas, where 39,500 jobs vanished; Michigan, which lost 38,400 jobs; and Ohio, where payrolls fell 25,200, according to a Labor Department report issued Friday.

California’s unemployment rate was 11 percent last month, fifth-highest in the country. Michigan’s jobless rate was the highest at 12.9 percent, followed by Oregon at 12 percent, South Carolina at 11.5 percent and Rhode Island at 11.1 percent.

As the recession eats into sales and profits, companies have laid off workers and turned to other cost-cutting measures, like holding down hours and freezing or trimming pay.

It's going to get much worse for California, but the defeated tax increases this week will force California to cut payrolls even more!