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Home Front

A blog about the economy and the Sacramento-area real estate market.

November 20, 2008
The unemployment news

   The unemployment news just gets worse. Today the US government said new claims for unemployment benefits jumped to the highest level in 16 years. The number of people continuing to seek unemployment benefits is the highest it's been since 1982, when national unemployment was 10.8 percent (It's currently 6.5 percent). 

    California's unemployment rate for October will be announced Friday, and we'll have all the news for you as soon as it breaks (usually mid-morning) online and in Saturday's paper. In September the statewide unemployment rate was 7.7 percent; Sacramento-area unemployment was 7.4 percent  

    If you're unemployed, live in the Sacramento area and are willing to be interviewed about your situation, please contact me at dkasler@sacbee.com with your phone number. Thanks.

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