Woolsey, Matt
April 2009
Forbes Asia;4/13/2009, Vol. 5 Issue 6, p51
The article presents information related to economic conditions of California. As reported, the unemployment rate at 10.1% in the state is well above the national average of 8% in the U.S. According to Radar Logic Inc., a New York real estate derivatives firm, home prices fell 35% in San Francisco, 30% in San Jose and 27% in San Diego in 2008. Also, the periodical, Forbes Asia's annual rankings of Best Places for Business and Careers has revealed that the state has performed worst ever.


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