California businesses and jobs hardest hit by recession

From the OC Register:

California suffered the greatest loss of jobs and businesses of all sizes during recession, according to a new analysis by the Small Business & Entrepreneurship Council.

“Recessions are felt most deeply in terms of lost businesses and lost jobs,” said SBE Council Chief Economist Raymond Keating. “No one performed well in the abysmal economy prevailing in 2008 and 2009. The question is: Which states performed least poorly vs. which states did the very worst.”

(Read Full Article.)

Speak Your Mind