White House Backgrounder on California's Economic Situation
News release: “As the President travels to California, the Council of Economic Advisors has compiled some facts that illustrate the impact of the economic crisis on workers and their families in California.
“Californias unemployment rate was 10.1% in January (most recent data available). This is a 4.2 percentage point increase since December 2007 and the fourth highest unemployment rate in the country.
California lost 541,200 jobs (seasonally adjusted) between December 2007 and January 2009. This is a 3.6% decline, exceeding the national decline of 2.7%.
Among the states non-elderly population, 20.4% lack health insurance according to 2006-2007 data. This is the 9th worst percentage in the country. California also fails to insure 1 in 8 of its children, which places it 17th worst in that category.”