Unemployment up again

Riverside County's unemployment was 12.6 percent, with San Bernardino County at 11.9 percent. Several heavily populated counties, including Fresno at 16.4 percent, were in worse shape, contributing to the statewide jobless rate of 10.5 percent.

That is one ugly report. I will give the press brownie point for trying to put a positive spin on it though. Check out the title of the article.

"Inland-area unemployment rate climbs to near-record figure, but at less severe pace"

And on the banking scene, the FDIC seized three more banks AND two credit unions were seized by the National Credit Union Association today. That brings the total failed banks to 20 this year and now 2 credit unions too.