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San Diego Unemployment Drops to 10.3% in November

The San Diego County unemployment rate dropped to 10.3% in November from a revised 10.7% in October, according to the California Employment Development Department. This compares with 6.9% a year ago, and 9.4% for the nation and 12.2% for the state in November. San Diego gained 4,500 jobs in November. However, seasonal retail sales jobs accounted for 3,700 of those gains. Government jobs also rose 1,200 in the month. Jobs in leisure and hospitality and manufacturing continued to drop. The county has lost 43,300 jobs, or 3.4%, from a year ago.

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The San Diego County unemployment rate dropped to 10.3% in November from a revised 10.7% in October, according to the California Employment Development Department. This compares with 6.9% a year ago, and 9.4% for the nation and 12.2% for the state in November. San Diego gained 4,500 jobs in November. However, seasonal retail sales jobs accounted for 3,700 of those gains. Government jobs also rose 1,200 in the month. Jobs in leisure and hospitality and manufacturing continued to drop. The county has lost 43,300 jobs, or 3.4%, from a year ago.

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Comments
2

Hey-it is now OFFICIAL-the Great Recession is OVER.

How do I know?? Because despite this City being $5 billion in the red-KFC Sanders and the CCDC are now PUBLICLY talking about giving away hundreds of millions in taxpayer money for a NEW CHARGERS stadium!!!! Yes, you read that right- we have so much money coming in now that we are going to give it ALL away to a billionaire;

"Maas and Frank Alessi, the CCDC’s executive vice president and chief financial officer, say it’s too early to say how much redevelopment money might be spent on a stadium."

"For years, team officials and Mayor Jerry Sanders opposed using public money for a new stadium. Now, Chargers special counsel Mark Fabiani says it’s essential, and Sanders is exploring ways to contribute."

http://signonsandiego.com/news/2009/dec/20/consultants-dont-come-cheap/

Bless KFC Sanders little heart-he is "exploring ways to contribute" the money of the poor and middle class taxpayer to a billionaire!

I never knew this, but for years Charger team officials were AGAINST public money being spent on a new Chargers stadium. The UT said it in print-so it MUST BE TRUE!!!!

And people wonder why this city is so screwed up.

Dec. 20, 2009

Response to post #1: As I have said many times, the Spanos family is in much better financial shape then the city or county. It's a pity Spanos and other pro sports owners have such a low opinion of capitalism. Supposedly, capitalism involves RISK-taking by the private sector. But for many years now we have had corporate socialism. Look at the big banks. First, investment banks such as Goldman Sachs and Morgan Stanley were declared to be commercial banks, so they can borrow for zero interest rates from the Federal Reserve. Now, those institutions plus all the big banks borrow for zero and gamble in currency, stock, bond, and commodity markets, knowing that if their gambles backfire, the government will bail them out. Capitalism is dead. Pro sports teams, big business, and Wall Street killed it. Best, Don Bauder

Dec. 20, 2009

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