Friday, April 17, 2009

March Unemployment Numbers Released

They have just released the unemployment numbers for March for California and the state's unemployment is up to 11.2% from 10.1% in February. Santa Barbara County's unemployment is at 8.5%. That is only up slight from 8.3% from last month. Additionally, the City of Santa Barbara is only seeing an unemployment rate of 6.0%. Again, that is a 0.1% increase over the month.

I think this bodes well for Santa Barbara. The state is still in trouble and we will probably see additional budget cuts coming down the pipeline. However, locally, we are staying pretty stable and I think that will help our overall economic picture. This is an additional sign that perhaps things are going to pick up soon.

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