Wednesday, January 28, 2009

Unemployment cracks 10% in two states.

http://online.wsj.com/article/SB123307958229020395.html

It is likely several more states will join that ranks soon. One has to wonder if the weight of 9% in Cali is more harmful cause the economy of Cali is such a high percent of the overall USA GDP. Also I wonder if illegal aliens unemployment is masking the true rate of unemployment since one the largest area's hit so far is construction. This would mean that the impact is much larger and therefore more underrated at the moment as it impacts the overall GDP effect.

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