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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: redfrecknj	6/16/2007 1:52:53 PM
	of 110194

Mounting losses in construction and financial services — the two sectors most dependent on home building and sales — contributed to the second increase in the state's unemployment rate in two months. The rate rose to 5.2% in May from 5.1% in April, the California Employment Development Division said. By comparison, the rate in May 2006 was 4.9%. The uptick further widened the gap between the state and national jobless rates, the latter of which held steady in May at 4.5%. latimes.com

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