Via Calculated Risk, unemployment in California crests 10% for the first time in 26 years:
The 10.1% jobless rate is the highest since June 1983 and not far below the 11% record set in November 1982 at the worst point of a severe recession, according to the governor's office. Job losses escalated in January, with the state's unemployment rate jumping by 1.4 percentage points from a revised 8.7% for December.
The L.A. Times goes on to report a total of 380,743 layoffs in California so far this year. That's about 6,500 per day. Cheery thought.