California Unemployment Rate Hits 9.3%

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.