California Jobless rate hits new high; Unemployment Benefits Run Dry

In March California, along with 24 other states, recorded new highs in unemployment rates despite speculation that the recession is ending, according to the United States Department of Labor.

Unfortunately, the Los Angeles Times' reports many Californian's, jobless benefits are expiring. It is estimated that as many as 100,000 unemployed Californians could loose their jobless benefits by mid-April.

Some economists blame California's job woes on the jobless benefits themselves, saying that they discourage people from seeking jobs, but this is very unlikely. Despite the recent passage of the Federal Jobless Bill, around 843,000 Californian's have been unemployed for at least 27 weeks. For every one job opening, there averages around 5.5 applicants, creating a very inhospitable job market.

With California's jobless rate hitting 12.6%, all levels of government are hard-pressed, while at the same time cash-strapped, to solve the recession's problems. In order to solve the unemployment problems, the government must pass solutions which precisely create jobs in order to stimulate the economy in the long term, as well as limit costs for the government, which could potentially be pushed onto the taxpayers and small businesses.