Okay, so financial and political experts are starting to claim that the Recession is over and that the economy has turned around. Some warned about a jobless economic recover, while others note that in these recessionary times manufacturing and production is the first to return and then jobs. Employers want to be sure that they economy has stabilized, before they start to rehire.
As a background checking company, we have been seeing increased activity as more employers start to hire. We see some hiring in trucking and transportation as well as healthcare and technology. With the inventory depleted, companies are starting to manufacture again and their goods require transport to domestic locations and to ports for shipping abroad. So that would explain the movement in trucking and transportation.
Meanwhile, unemployment continues to climb on both coasts. California is now fourth in the nation for unemployed workers, following, Michigan, Nevada, and Rhode Island. California lost a total of three-fourths of a million jobs last year. Some California counties have unemployment rates as high as 15%.
New York City isn’t quite as bad. But the unemployment rate, at 10.2% is still pretty lousy. Despite the economic recovery, Wall Street is still being hit hard with more layoffs. While California has experienced layoffs in manufacturing, construction and, due to the budgetary problems, state and city workers. With New York, it is mostly the financial sector.
As some analysts claims, when the economy turns around, jobs are the last to be added.
One reply on “Both Coasts Are Experiencing High Unemployment”
the unemployment rate on our country is growing bigger and bigger due to government mismanagement::*