Naturally, the newspapers print “California Unemployment Rate hits 10.5%.”, but the truth is 89.5% have jobs. Again jobs are key to housing demand. I like this quote from the article…..”Metropolitan San Francisco, consisting of San Francisco, San Mateo and Marin counties, had a jobless rate of 7.8 percent in February, better than the state or the nation. This three-county area has been less afflicted by the housing bust and buoyed by a concentration of jobs in tourism, business services, high-tech and other sectors with fewer payroll losses.” Read rest of the story…. Click Here
March 21, 2009...5:46 pm
California Employment rate is 89.5%
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