McCarthy: California Needs Jobs, Not More of the Same Washington Spending & Borrowing
Washington D.C. – Today, Congressman Kevin McCarthy issued the following statement responding to the new record-setting unemployment rate in California. The U.S. Bureau of Labor Statistics announced today that California's October unemployment rate has risen to 12.5% from 12.2% in September. California ranks number four nationally in terms of highest unemployment rate, behind Michigan, Nevada and Rhode Island.
“A year ago California’s unemployment was too high at 8 percent - now today, we face a 12.5 percent unemployment rate in our state and a 10.2 percent unemployment rate nationally. The wake-up calls keep coming, but Washington continues down a path of more spending and borrowing, from a failed $787 billion stimulus, to the largest budget in America's history, to a national energy tax bill, and now to a $1 trillion government takeover of health care bill. Enough is enough. Californians and Americans need smarter, targeted, policies that help create jobs to put our economy back on track.”
Earlier in January of this year, Congressman McCarthy and his Republican colleagues formed an Economic Working Group to develop a common sense solution to revitalize America's economy that would have created an estimated 6.2 million jobs, and at half the cost of the $787 billion Democratic stimulus.
California unemployment rate hits 12.5 percent
October national unemployment: 10.2 percent