Unemployment in California has reached 11.9%. That is a lot of people. When I was spending time in LA the average price for a home in California had just tipped over $500,000. The average price. I'll bet that California gets the worst of this recession/depression when all is said and done.
When you consider the underemployed and those who don't qualify along with the tons of Californians who are wealthy enough to not work, I wonder, just how many people do not have a job.
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/08/21/financial/f090327D44.DTL&tsp=1
