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Tuesday, March 10, 2009

Tent City

Along the American River, near Sacramento, California:

The small town I grew up in is not too far from there. Here's a story from the local paper:

Jobless rate hits 26.7%, by Susan Meeker, Colusa Sun Herald: ...State labor officials estimate more than 2,900 of Colusa County’s 11,000 workers are unemployed, a significant increase in just two months.

But good news is on the way, as ... job seekers will soon benefit from federal stimulus money... “We don’t know exactly how much we will receive from the federal stimulus package, but money is on the way,” said Luis Moreno, deputy director of Colusa County Economic Development Department ...

Colusa County’s unemployment rate was 26.7 percent in January – an increase of 8.7 percent since November...Mid-Valley counties traditionally have higher unemployment rates during the winter – due to the slowdown in seasonal agriculture work – it’s the recession driving the latest figures.

“We are seeing a lot more people with a higher level of education lose their jobs,” Moreno said. “That also includes people with a long work history. Many have been in jobs 10, 20 and 30 years. ... But Moreno said the EDD will move aggressively to jump start job creation once the stimulus money is in hand. ...

“We are going to spend this money very quickly,” Moreno said. “The last thing we want to do is send it back to the federal government. After that, we just have to hang on and hope the recession will end soon.” ...

    Posted by on Tuesday, March 10, 2009 at 12:24 AM in Economics | Permalink  TrackBack (0)  Comments (63)

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