Saturday, December 4, 2010

Unemployment goes up again. Reliable ecomonist expects improvements.

US unemployment hits 9.8%. Is 10% going to be reached before we go back into the single digits for unemployment figures? Updated California and Solano County unemployment figures will be coming later. Luckily Solano County and the greater San Francisco Bay Area have been doing better than expected.

The current Economist Magazine suggests California will get worse, but then better. Historically, the international magazine available in Solano County Libraries, and read by Fairfield's Economic Development team, has been quite accurate about predicting future economic events. All along the Economist said banks should not be making all those crazy B rate loans during the past Bush administration.

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