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There are 58 counties of California currently.. California, the most populous state in the United States and third largest in area after Alaska and Texas, has been the subject of more than 220 proposals to divide it into multiple states since its admission to the Union in 1850, [1] including at least 27 significant proposals prior to the 21st century.
California can't seem to catch a break. Amid the beginnings of a broad national economic recovery, unemployment in the cash-strapped state may average 11.8% for the year, according to projections ...
Five days later, Bank of America, Citigroup, Wells Fargo, and JP Morgan Chase announced that they would stop accepting IOUs by July 10. Fitch Ratings dropped California's bond rating from A-minus to BBB. [15] On July 24, 2009, the state government passed a budget that included $15 billion in service cuts, including $8.1 billion in education cuts.
For comparison, the severe 1981-82 recession had a jobs decline of 3.2%. [49] Full-time employment did not regain its pre-crisis level until August 2015. [51] The unemployment rate ("U-3") rose from the pre-recession level of 4.7% in November 2008 to a peak of 10.0% in October 2009, before steadily falling back to the pre-recession level by May ...
At least 22 U.S. cities are at risk of slipping back into recession, Moody's Economy.com said in a report this week. "With chances of a national double-dip recession now estimated at about one in ...
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California in 2010, when measured as a percentage of GDP, had the 4th highest tax burden of all the fifty states at 13.4% of the state GDP. [53] The maximum 13.34% state personal income tax rate is the highest in the nation, but only applies to incomes over $1 million. [53]
It turns out that the majority of the cities that have best been able to stave off the affects of this current recession are located in rural America -- small, often isolated towns that have used ...