by Calculated Risk on 11/21/2008 02:56:00 PM

From the LA Times: California unemployment jumps to 8.2%, third-highest in the U.S.

California's unemployment rate rose dramatically in October to 8.2%, its highest level in 14 years
...
The slowdown in the state's economy worsened in October as job losses spread from the hard-hit construction, real estate and financial services areas to retail sales, said Howard Roth, chief economist for the California Department of Finance. ...

"It looks like the grinch is stealing Christmas here," he said

It is grim here in California ...