August 24, 2003
Gloomy Portraits of State's Job Market Are Misleading
By Marla Dickerson, Times Staff Writer
To hear Arnold Schwarzenegger and other gubernatorial hopefuls tell it, the California job market is totally in the tank.
Last week, Schwarzenegger advisor George P. Shultz branded jobs the campaign's "new four-letter word." Fellow Republicans Sen. Tom McClintock of Thousand Oaks and Bill Simon Jr., who dropped out of the race Saturday, have spotlighted California's recent steep employment losses as a reason to sack Gov. Gray Davis and bring in new leadership.
Even Gallagher, the comedian candidate and a self-proclaimed member of the "Party party," is calling for business "obituaries" to be published whenever companies go belly up, underscoring the continuing pain in the state's labor market.
Yet the picture being painted by those in the recall race — that California is suffering disproportionately on the employment front — is in many respects misleading. As a percentage of its job base, California's statewide employment losses aren't any more severe than those of the nation overall. (snip/...)
http://www.latimes.com/business/la-fi-calecon24aug24,1,2863950.story?coll=la-home-leftrail(Free registration required)