California Unemployment Rate Hits 9.3%

by Lori Dorn on January 24, 2009 · 0 comments

This is a very scary time in California. First we hear that the state is going broke. Then the UI rate goes up to over 7%. Then the California Budget fails and fails and fails yet again. California companies like Google, Logitech, Intel, AMD, Seagate and Williams-Sonoma layoff a good percentage of their respective staff. The new Yahoo CEO has frozen all salaries.

And now this.

Sigh.

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