January State Unemployment Update: Unemployment Rate Increases In 30 States With California Back To Record

Tyler Durden's picture

The BLS has released the January state unemployment update: the unemployment rate increased in 30 states, while somehow nonfarm payrolls increased in 31 states. Presumably this is due to an increase in the total labor pool. As reported, "Michigan again recorded the highest unemployment rate among the states, 14.3 percent in January. The states with the next highest rates were Nevada, 13.0 percent; Rhode Island, 12.7 percent; South Carolina, 12.6 percent; and California, 12.5 percent. North Dakota continued to register the lowest jobless rate, 4.2 percent in January, followed by Nebraska and South Dakota, 4.6 and 4.8 percent, respectively. The rates in California and South Carolina set new series highs, as did the rates in three other states: Florida (11.9 percent), Georgia (10.4 percent), and North Carolina (11.1 percent). The rate in the District of Columbia (12.0 percent) also set a new series high. In total, 25 states posted jobless rates significantly lower than the U.S. figure of 9.7 percent, 11 states and the District of Columbia had measurably higher rates, and 14 states had rates that were not appreciably different from that of the nation."

Below is a chart of the unemployment rate by state for the past 4 months as well as the sequential change.

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HarryWanger's picture

Nevada, SC, California all high due to snow storms.

Anonymous's picture

This is true for California!

Everyone took off for Tahoe when the snow hit.

deadhead's picture

harry gets post of the day.

merehuman's picture

high in Oregon. We grow our own.

Banks must be smoking something else.

VegasBD's picture

It snowed here in vegas yesterday...

faustian bargain's picture

Who would've guessed North Dakota would have no snow in the winter. Amazing.

Anonymous's picture

Ha, I'm sitting here in North Dakota preparing for another round of spring flooding due to the excessive amount of snow we received! The weird thing about us boobs here in ND is that we find that winter (i.e. snow) always creates additional work. Not only do we have to go about our normal work routines, but we also have to find time to move the snow. (Or hire somebody else to do it.)

It never dawned on us to simply quit working and/or lay off our employees and wait for the snow to melt! (I already said we were boobs.) Maybe that's why Larry Summers is such a noted genius and I'm simply a debt free boob living in ND!

Please excuse me, I have to go back to my flood prevention preparations.

Mad Max's picture

Ya know, I have been tempted by North Dakota.  Drove the whole state in October, and apart from the severe snowstorm, it was nice.  Oh, the eastern 50 miles is flatter than a euclidean plane, but the western part is much more rolling and nice.  I would probably move there if it weren't for the floods, the 8 months of winter, or being 500 miles away from anything.  The ND state bank seemed really kooky until a year ago, when it started to seem like a really great idea that every state should have.  Might still move there someday depending how the country is 10 years from now.

Dixie Normous's picture

Here in CT, the headlines read unemployment highest since 1976.

Yet almost every single town is raising taxes to pay for the bloated education beauracracy.

I'm sure other states are in similar situations.

Something's gotta give.

10044's picture

Elect Peter Schiff, you'll be good after that

Dixie Normous's picture

I will, but I'm headin out the door too.

There is no way states like CT, MA, NY, NJ, CA, and who ever else can keep paying into the education industrial complex.  The numbers don't add up and never will.

deadhead's picture

6 months ago i told my wife that sometime in 2010 she would see tv ads (i rarely watch tv) blanketing the channels from the teachers union crying end of the world over education cuts.  yep, i was right.  


i still think the Cali direct ads to retail for their bonds does take the cake though.

faustian bargain's picture

Did you know that last week, they did a statewide 'protest' of the Dept of Education budget cuts, with many public school teachers actually taking their kids out of the classroom and marching them around outside the school with signs. And not just high schoolers. I saw an elementary school doing one of those demonstrations. They start 'em young out here.

Mad Max's picture

Never heard the term "education industrial complex" before, but it seems appropriate.  Mish has had some good recent posts on that topic.  The whole system is imploding.

Cognitive Dissonance's picture

I left CT over a decade ago and fled to a much lower tax state. Never looked back. When Mohegan Sun and Foxwoods were touted in the papers in 1997 as the premier growth opportunities for the next 20 years I realized it was time to exit stage right.

You don't raise a family on the money earned from dealing cards or cleaning slot machines. The state has been all down hill since then, other than the southwestern CT playground area for NYC. Even Hartford looks terrible the last time I visited friends in the area.

Dixie Normous's picture

Left FF county a few years ago.  Gradually working my way out of the state.  Hartford looks alright, for a war zone.

Exactly right on the card dealers supporting families.  But you don't even have to go that low on the pole to describe the fleecing of the populous: how is say a plumber or electrician supposed to support local budgets that cost $4000 per man, woman and child every year in property taxes plus all the other fees taxes and thievery

I know other states are the same and worse, but this shit needs to end soon.

Anonymous's picture

Asstoot observation , clearly a fiscal conservative would fuck things up huh.

SimpleSimon's picture

Do all you can to cut tax revenues legally.  Starve the beast until it dies. 

pbmatthews's picture

Amen brother.

I've been saying this for six months.

Starve the government.  Stop spending.  Defer any tax payment you can so that tax revenues continue to collapse.

Only when the collapse is upon us will the sheeple wake up to the reality that government is too bloated and MUST BE CUT.

Dixie Normous's picture

If the majority of people didn't pay their property taxes with their mortgage they would get fired up when they got the first bill in January followed by budget increase debates in Feb and March.

However, since they don't see it clearly they just chalk it up to paying for their house with the dream that they will sell when the kids leave for college and be rich.

Real Estate Geek's picture

Which is why the PTB set it up so that your payment covers PITI. 

Of course the PTB also came up with payroll withholding for the same reason.  Now the sheeple are happy to get their tax refund check.  "Gee, Mabel, let's increase our withholding so that our refund check's even BIGGER next year!"


carbonmutant's picture

The beast is gonna howl when the April tax revenues show up.

augmister's picture

You want to see real education bloat?  Courtesy of the University of Illinios...http://market-ticker.org/archives/2062-IF-You-Are-Going-To-Demonstrate.....html

Your next door neighbors, in the Socialist State of RI have almost 80,000 unemployed in a total population of about 1 million blue lemmings.   Now these "workers" qualify for the 99 months of living large on the Obama dole!  Just like Havana... stay home and play cards on the hoods of abandoned vehicles in your own front yard.  Wonderful for State revenue collection!    You can only laugh at the underfunded state pension systems for teachers and state government (worker) do nothings... as long as you are not one of them!  BTW, the State Legislature will bankrupt everyone left standing when they try to fund their union friends' "wet dream" of a retirement.....  Hope everyone takes up vegetable gardening and hen raising this summer!

This will not end well.... bought a nice .45 Springfield Armory 1911 yesterday, to keep our own tomatoes safe!


Position:  Long pitchforks and torches and .45 ACP

monmick's picture

The 10yr auction this afternoon won't be pretty...

Anonymous's picture

It'll be fine, actually. Treasuries are one of the primary investment vehicles in which banks currently invest, rather than loans.

Leadership. Morals. What's my cut?

John McCloy's picture

Me: (Coughs feebily)..lights fading..resolve to stay short decreasing.Too many low volume pumps and temporary rumors.

irieblue's picture

The Cruel Joke on California happens April 1st, when NUMMI closes and estimates of 20,000 to 50,000 jobs are at risk..


Maybe Congress hopes a shakedown of Toyota into keeping NUMMI open is in order.

Internet Tough Guy's picture

North Carolina is not a new series high.

bugs_'s picture

Should start using Downdate instead of Update.


BlackBeard's picture

Michigan's UE rate implies MadMax.  Got black leather?

Mad Max's picture

I heard my name?

BTW I think real unemployment in Michigan is well over 20%.  And I guess the foreclosure rate is somewhere over 10%.  What a wonderful combination.

Shameful's picture

Word around the campfire is that in Detroit the real unemployment is about 50%.  Our own little slice of the 3rd world!

SDRII's picture

But but Brian Westbury says we will create 300K jobs, surely he can't be wrong 

Anonymous's picture

Americans are quick learners -
Vornado walking away from one of its properties.
Commercial borrowers beginning to walk away (article today)

Anonymous's picture

thats when we Bury Brian with the other Brian (Sack)!!

zenon's picture

Headline on Bloomberg: Unemployment Still Falling in Many States (!)

Later on they say (with a softer voice) that it actually increased in 30 states and fell in 9!

How's that for objective reporting?


deadhead's picture

how funny...i made my comment below before reading the thread.

hedgeless_horseman's picture

I was wondering if somwhere a crafty lawyer is working on a class-action lawsuit against the news services for fraud.  Hard to sue the government, not so much Bloomie, Teddie, Micky, and even Ruppie. 

Al Huxley's picture

So, 9 is 'many' isn't it?  If you all would just get with the program and think happy thoughts instead of focusing on all the irrelevant details everything would be so much better.  Look, economy must be fine - look at the markets, breaking out all over.  So the temporarily unemployed will just have more time to enjoy the recovery that clearly must be in progress.

E pluribus unum's picture

Hard to see how he gets re=elected in 2012 with these kinds of numbers - CA, NC, MI, GA, FL, are all pretty ugly

Mad Max's picture

This November should be interesting.

It's not that I have anything good to say about the "Republicans" (the whole damn party is RINO), but the Democrats are so unspeakably terrible, I hope and expect they'll get spanked badly.

Which leaves us with either more of the same crap, disguised as change (hmm, sounds familiar, at least to the more gullible voters) or what?

Mr Lennon Hendrix's picture

'08 was thrown; evidence....(im)palin....

...thrown so as to enherit US gov/corp in '12; after Fem Dems institute "economics" de jour.  Hegel is also to blame.  Faulty "philosophy" and "science" equals rapture, I guess.

PS note Hoover and Clinton ran on platforms of "CHANGE."  Got pennies?

Anonymous's picture

Be forewarned, jobs reports the next few months will be great and CNBS will be touting how good the recovery is.

Of course all those jobs will be from the Census.

Anonymous's picture

i live in SE Michigan and my guess is that real, unstroked UE is 25%-ish. mad max is not in town yet - he's scheduled to show up whenever emergency unemployment benefits end (as if!)

deadhead's picture

But, bloomberg headline says unemployment eased in 9 states.

it's sad that b'berg has decided to go the cnbc route and they clearly have.

Anonymous's picture

The first 5 headlines on cnbc were fucking bearish and Bloombergen's first headline was "Unemployment dips in 9 states...uhh

Stranger's picture

This just in, unemployment rate forecast down based on optimistic outlook for club-wielding gang recruitment.


jkruffin's picture

Anyone know where to find info on these so-called Cali bonds they are trying to sell today and over the next couple weeks.  I click on the link that ZH has up, but then the Cali website freezes when you try to pull up the PDF announcement.  Looking in Ameritrade, I see a ton of their bonds and if you ask me they are flat out nuts.  I see Baa bonds selling for $108 for interest rate of 5.5%  for old issues.   I want to know what the new stuff they are selling looks like.  They have zero information shown as to what the yield is expected to be or nothing.  No way I pay 108 for 5.5% of a BBB.  If it was like 9% I might think about.  Plus, this is bankrupt Cali we are talking about.  Who would buy that crap at those measly rates with inherent default risk out the ass??  Info anyone?