State Unemployment Rate, Predicted to Record High

March 24, 2009

California – The University of the Pacific predicted that the state unemployment rate will be on its highest at 12 percent on the latter months of 2009, reports said Tuesday.

The UOP also said that the predicted rate would not ease down until 2010. Current unemployment rate throughout the state is at 10.5 percent.

The director of Business Forecasting Center at UOP, Jeff Michael, adds that there would be around 950,000 non-farm employees would lose their job before recession ends.

Farmers and other related workers would close the number of unemployed workers at 1 million if water shortage would continue, Michael said.

The predicted 12 percent unemployment rate is preceded by 1980’s three time strike of 11 percent which was the highest since record keeping began in 1976.