Friday is always the day for bad news and buried news and today is no exception. The BLS has unemployment statistics. Many areas are exceeding 10% unemployment rates, ya know that magic number that wasn't supposed to hit so soon. The national rate is still hovering around 9.5%.
- Michigan 15.2%
- Rhode Island 12.4
- Oregon 12.2%
- South Carolina 12.1%
- Nevada 12.0%
- California 11.6%
- Ohio, 11.1%
- North Carolina 11.0%
- Florida 10.6%
- Georgia 10.1%
- Delaware 8.4%
It seems North Dakota is the only state with an increase, 4.2%.
Michigan jumped 1.1% in a month and so did Wyoming 0.9%, and West Virginia, 0.8%.
Thirty-eight states and the District of Columbia recorded
over-the-month unemployment rate increases, 5 states registered
rate decreases, and 7 states had no rate change, the Bureau of
Labor Statistics of the U.S. Department of Labor reported today.
Over the year, jobless rates were higher in all 50 states and the District of Columbia. The national unemployment rate, at 9.5 per-cent, was little changed between May and June, but was up 3.9 percentage points from a year earlier.
In June, nonfarm payroll employment decreased in 39 states and the District of Columbia, increased in 10 states, and was unchanged in 1 state.
The largest over-the-month decrease in the level of employment occurred in California (-66,500), followed by Texas (-40,600), Ohio (-33,000), and Michigan (-31,300). Kansas experi-
enced the largest over-the-month percentage decrease in employment (-1.4 percent), followed by New Mexico (-0.9 percent), Michigan (-0.8 percent), and Wyoming (-0.7 percent).
The largest over-the-month increases in employment occurred in North Carolina (4,700),Mississippi (4,500), Arkansas (3,400), and Montana (2,700).
Montana (+0.6 percent) experienced the largest over-the-month percentage increase in employment, followed by North Dakota (+0.5 percent) and Mississippi (+0.4 percent).
Over the year, nonfarm employment decreased in 48 states and the District of Columbia, increased in 1 state, and remained unchanged in 1 state.
The largest over-the-year percentage decreases occurred in Michigan (-8.1 percent), Arizona (-7.4 percent), Nevada (-6.2 percent), and Oregon (-5.6 percent).
Only North Dakota (+1.6 percent) reported an over-the-year percentage increase, while Alaska remained unchanged.
Hopefully manfrommiddletown will do a more thorough analysis. My question is how many people fell off the rolls, their benefits ran out and thus are not counted?
Oh come now
"Of all the statistics pouring into the White House every day, top economic adviser Larry Summers highlighted one Friday to make his case that the economic free-fall has ended.
Mr Summers has said:
The number of people searching for the term “economic depression” on Google is down to normal levels, Summers said. "
So what now? Are they going to start making policy on Google searches?
These people are freak'in crazy!!!!!
reality versus truth
When are they going to start reporting the actual numbers of out of work or underemployed workers instead of the "fairy tale" this is the crap we want you to believe numbers? Why is it that there are no increase of full time permanent workers only marginal jobs that are part time with no real wages and no benefits? Why is our economy under repressive media control with no accountability by the government to the public or for the moral and ethical value of defending the "Truth"? When are we going to wake up and realize that the "New World Order" is going to mean a repressive world wide government regime that will destroy the American standard of living and provide no jobs in the USA?