California is No Longer The Golden State

unemployment rate
unemployment rate

Looks like California is going to have to change its nickname from The Golden State to the Moldin' State if the unemployment situation there doesn't improve soon. Three areas in California registered the highest unemployment rates of anywhere in the nation in January. Those areas are: El Centro, 27.3 percent; Merced, 21.7 percent; and Yuba City, 20.8 percent, according to numbers recently released by the Bureau of Labor Statistics.