Jobs Report

State unemployment: Jobs picture gets worse in 27 states


The national unemployment rate may have only ticked up slightly in August, but on a state-by-state basis, the jobs picture continues to look a lot more grim in places like Nevada, Michigan and California.
A total of 27 states reported higher unemployment rates in August, nearly double the 14 that saw increases in July, the Labor Department said in its monthly report on state unemployment Tuesday.
While the rate remained at 9.6% for the country as a whole, Nevada, Michigan and California have consistently racked up rates above 12%.
Nevada had the worst rate for the fourth month in a row, at a record high of 14.4%, up from 14.3% in July. Michigan followed with 13.1% unemployment, unchanged from the prior rate, and California was third with a 12.4% rate, an increase from 12.3% in July.
After Kentucky and Georgia joined the list, 13 states had unemployment rates above 10% in August, as opposed to 11 the previous month.
The jobless rates fell in 13 states, as opposed to 18 that saw decreases in July. Ten states and the District of Columbia had no rate change.
North Dakota remained the state with the lowest unemployment, posting a 3.7% rate, followed by South Dakota with 4.5% and Nebraska with 4.6%.

Editorial Comment:
End of a Recession looks good to me!:mad:
 
Generating MORE PERMANENT, HEALTHY DEPENDENTS of the state is not a very good idea. IMHO
 
Where's our work visas to India or Vietnam?
Gotta commit suicide in China to get a raise...
USDA & City Gov't need to convene & donate parks or vacant space for gardens where the unemployed can grow food for the local community.
The community can pay them for their service with community funded basic needs, such as intervention assistance in keeping their frickin house,
transportation, their own bed, and appreciation.
At some point, the have and have not bullsh*t is gonna hit the fan. sooner the better.

alevin said:
The longterm unemployed-they're not sitting on their butts.


http://www.guardian.co.uk/world/2010/aug/15/jobless-millions-death-american-dream
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The longterm unemployed-they're not sitting on their butts.

Joblessness has taken hold in America, with the numbers of long-term unemployed reaching levels not seen since the Depression of the 1930s. The figures are frightening and illustrate a society that remains in deep trouble.
Over the past three months alone more than a million Americans have fallen into that category: effectively giving up hope of finding a job and dropping out of the official statistics. Such cases now number some 5.9 million and their ranks are likely to grow as millions more find their jobless status becoming a permanent state of hopelessness. Surveys show that with each passing week on the dole their chances of finding a job get slimmer.

There is a new name for those falling down the black hole of joblessness that has opened up in America's economy. They are the 99ers.
It is a moniker that no one wants. It refers to the 99 weeks of benefits that the jobless can qualify for in America. Government cash helps those laid off keep a tenuous grip on a normal life. It keeps a roof over their heads, pays a phone bill, puts food on a table and petrol in a car. But once the 99 weeks are up the payments stop – as is happening now for millions of people – and they are 99ers.

There are now more than a million 99ers and the number gets bigger each week.

But who are they? Despite Republican attempts to paint them as feckless or job-shy, they are usually anything but. The 99ers are people like Anne Strauss, 58, who spent 35 years working as a PR professional on Long Island. Despite spending every day hunting for work, she has not had a job since June 2008. She and her husband are now living on credit cards watching debts mount as they stare into the abyss. "Looking for a job is the hardest I have ever worked," she said with a smile that conveyed no humour or happiness, only the deep stress that is common to many 99ers.

New Yorker Steven Bilarbi, 62, who had worked for the same employer for 37 years, until 2007. He has not worked since, despite refusing to spend daytime hours at home and engaging in a permanent job hunt. He is now living off savings and depleting his pension.

"I go to job fairs. I don't feel like staying home. What would I do? Watch game shows and soap operas?" he fumed.

Meeting 99ers is to tap into a deep well of anger at lives that have been knocked off course, shattering the enduring vision of the American dream that many had felt they had achieved. Just take Donna Faiella, a 53-year-old New Yorker who lives alone in Queens. She spent 28 years working in film post-production and video-editing. She was successful and had a career. Now she is desperate for a job, any job. But she cannot find one. "I will do anything. I will sweep floors. You think I look forward to collecting unemployment? It is *** degrading," she said, almost quivering with anger.
Faiella has one week of benefits to go. Then her 99 weeks will be up. She will have a title again. But not one she expected. She will be a 99er. "I am petrified. Do I become homeless?" she said, adding that she has begun making inquiries at local shelters.

millions of Americans are discovering that working hard, doing the right thing and obeying the rules are no longer enough. Back at the 99er rally on Wall Street, Anne Strauss felt that way. During her working life she had refused to claim benefits to which she was entitled as she thought she was doing just fine. Now, as a newly minted 99er, she was looking for help from the country that she had always believed in. But the help was not forthcoming.

'This is my last $260 and barring a miracle I'll be sleeping in my car'
Alexandra Jarrin, 49, worked for a small technology company near New York City, earned $56,000 a year, had petrol in her car and a roof over her head. She was enrolled in a graduate business school. Then, two years ago, she lost her job .
She received her last unemployment payment in March, putting her among the first wave of "99ers" who have come to the end of their 99 weeks of entitlement to benefits. When interviewed by the New York Times, she was living in a motel in Brattleboro, Vermont, having paid $260 she managed to scrape together from friends and from selling her living-room furniture – enough for a week-long stay.
'I thought, you know, what if I turned the wheel in my car and wrecked my car?' Her vehicle is now on the verge of being repossessed. Jarrin has contacted her local shelter, but was told there was a waiting list. "Barring a miracle, I'm going to be [sleeping] in my car," she said.
Click to expand...
http://www.guardian.co.uk/world/2010/aug/15/jobless-millions-death-american-dream
 
Yeah that stimulus is really doing a fine job, NOT!!:nuts:

Jobless claims jump to 5-month high

By Annalyn Censky, staff reporterAugust 12, 2010: 9:02 AM ET

"Standard unemployment benefits usually last 26 weeks, and the continued claims number does not include those who have moved into state or federal extensions, or people whose benefits have expired but may still be without a job."
http://money.cnn.com/2010/08/12/news/economy/initial_jobless_claims/index.htm
 
Here is a new twist to drive that last nail in the coffin....WTF?:confused:

Only the Employed Need Apply​

With unemployment at 9.4% and rising, it’s a buyer’s market for employers that are hiring. But many employers are bypassing the jobless to target those still working, reasoning that these survivors are the top performers.
“If they’re employed in today’s economy, they have to be first string,” says Ryan Ross, a partner with Kaye/Bassman International Corp., an executive recruiting firm in Dallas. Mr. Ross says more clients recently have indicated that they would prefer to fill positions with “passive candidates” who are working elsewhere and not actively seeking a job.

http://online.wsj.com/article/SB10001424052970203872404574257983795638374.html
 
alevin said:
If European countries deal with their problems more quickly than we're doing with ours, (austerity measures-several have already started), they're likely to climb out of their holes faster than we do. :worried:
Click to expand...


European countries (as a whole) have a MUCH deeper problem with spending and entitlements.

And, they have little or no space in which to increase the tax burden on their citizens.

They routinely have higher unemployment and lower productivity.
 
If European countries deal with their problems more quickly than we're doing with ours, (austerity measures-several have already started), they're likely to climb out of their holes faster than we do. :worried:
 
tsptalk said:
431,000 and 9.7%...

060410.gif
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That, my friends, is butt ugly:sick:

Next month the Census employment affect will start going in reverse - just like Social Security revenue/outlay:toung:

Not good, but the bear chasing us will catch Japan and Europe first:)
 
Is this it? 290,000 is below expectations, right? :worried: Or is that last months? :confused:

http://www.bls.gov/news.release/pdf/empsit.pdf

Nonfarm payroll employment rose by 290,000 in April, the unemployment rate edged up to 9.9 percent,
and the labor force increased sharply, the U.S. Bureau of Labor Statistics reported today. Job gains
occurred in manufacturing, professional and business services, health care, and leisure and hospitality.
Federal government employment also rose, reflecting continued hiring of temporary workers for Census
2010.
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Yeah Steady,

I'd like to put some money in the S Fund, but like Bullitt, I've been reading about the same thing about banks not lending and the interviews I've sen regarding this subject indicate the same hesitancy in loaning any money.

They seem to be passing it back and forth between themselves and in turn manipulate the market artificially,

CB
 
Steadygain said:
My understanding is the 'emerging companies' -- (S Fund's small caps) will make up the bulk of jobs over the next few years.
Click to expand...

That's the hope, but banks still aren't lending. They'd rather use that money (and clients money at JPM) to play "Casino Aladdin" in real time with it than lend it to the real life risk takers.
 
tsptalk said:
May jobs report due out tomorrow...
Click to expand...

Thanks Tom !!! :)

My understanding is the 'emerging companies' -- (S Fund's small caps) will make up the bulk of jobs over the next few years.

That's why I gave it 70%

The Bigger and Long Established will undoubtedly start growing as well -- (C Fund's S & P) -- so gave them 30%

Anyway I have long missed these days and it's been a long time !
 
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