Monday, May 30, 2011

Jerry Brown did not find an extra $9 billion

Calwatch and growth in California jobs:

JOB HIRES AND SEPARATIONS IN WESTERN U.S. (BLS, April 2011)
JOB HIRES (numbers in thousands 1,000’s)
3/2010 10/2010 11/2010 12/2010 1/2011 2/1011 3/2011 TOTAL
913 839 883 806 939 862 830 6,072
Rate 2.9% 3.1% 2.8% 3.3% 3.3% 3.0%
JOB SEPARATIONS (numbers in thousands – 1,000’s)
924 782 829 759 817 857 866 5,834
3.2% 2.7% 2.9% 2.7% 2.9% 2.9% 3.0%

Jerry is simply using the old smoke and mirrors.  California has been driven into the ditch, mainly by Brown himself and his allies in DC.  The bond market is laughing at his latest attempt at sorcery.

No comments: