North Oakland Now:05.23.09
on May 23, 2009
It is a cloudy Saturday, and our economy is as gloomy as today’s sky.
Good signs for economy? The State’s Employment Development Department announced yesterday that the unemployment rate in California stands at 11 percent in April, down .2 percent from March. However, it is much worse than the nationwide rate of 8.9 percent. Today’s Oakland Tribune published a piece skeptical that any change can be read in that .2 percent. Yesterday’s San Francisco Chronicle said Median home prices inched up by 4.2 percent compared to with March in Bay Area. However, median sales price stood $307,434, which is down 42 percent from last year.
Still, there is a hope.
And remember, Oakland has a great baseball team to spend the weekend with.
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