Unemployment Rate Hits 8.5%

Companies shed 663,000 jobs in March


(Source: Getty Images)

Hard hit by a shrinking job market and the subprime mortgage fallout, many Sacramento residents hang in the balance of homelessness. Sacramento’s Tent City is an example of shantytowns popping up around the nation that harken back to those created during the Great Depression. Unemployment in Sacramento reached 10.8% in February.

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