The economic output of the state of California was $1.847 trillion in 2008. That figure is based on current 2008 dollars (nominal Gross Domestic Product), while the inflation adjusted GDP, real GDP, based on prices in the year 2000, was $1.546 trillion in 2008, according to data from the U.S. Department of Commerce.
The state had the third-highest unemployment rate in the nation in August, at 12.4%, the Bureau of Labor Statistics said Tuesday morning. Only Nevada, which set a new series high with an unemployment rate of 14.4%, and Michigan, with an unemployment rate of 13.1%, had higher rates than the Golden State.
California's unemployment rate rose from 12.3% in July. Twenty-six other states saw their unemployment rates decrease from July to August, including Mississippi and Alabama. California was one of the states with the biggest decreases in employment: It lost 33,600 jobs. Texas lost 34,200 and Michigan lost 50,300. North Carolina added 18,600.
I think California needs to clean up there Economy some more. They need to put out more jobs to get their economy going.
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