Clinton Administration

July 7, 2008 - 9:23am

Robert Reich on California's down economy: 'This hole is getting deeper'

Robert Reich, former Clinton Administration labor secretary and a professor at U.C. Berkeley's Goldman School of Public Policy, observes in his personal blog that California's horrific rate of job loss is hobbling the Golden State's ability to get back up on its collective economic feet.

Reich notes that California has lost more than 438,000 jobs since January (that's about 73,000 jobs per month) when in normal economic conditions the state would be creating 125,000 new jobs a month just to keep up with population growth.

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