Friday, June 19, 2009

California Unemployment Hits 11.5%

California's unemployment rate hit 11.5% for the month of May. That puts it at it's highest all time level. California is ranked 5th in the country of highest unemployment rates behind Michigan, Oregon, Rhode Island and South Carolina.

On a more local front, Santa Barbara County's unemployment level stands at 7.6%, the same level it was last month. More positive news is that Goleta and Santa Barbara's levels of unemployment remain below 5.5% while Lompoc and Santa Maria are in the double digit range. Overall, we are handling the current recession fairly well. Santa Barbara County ranks 2nd in the state for lowest unemployment levels behind Marin County. Ventura and San Luis Obispo are 9th and 4th respectively.

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