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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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Wed, 03/10/2010 - 11:54 | Link to Comment HarryWanger
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Nevada, SC, California all high due to snow storms.

Wed, 03/10/2010 - 12:33 | Link to Comment Anonymous
Wed, 03/10/2010 - 12:36 | Link to Comment Whizbang
Whizbang's picture

+n/0

Wed, 03/10/2010 - 12:47 | Link to Comment deadhead
deadhead's picture

harry gets post of the day.

Wed, 03/10/2010 - 14:14 | Link to Comment merehuman
merehuman's picture

high in Oregon. We grow our own.

Banks must be smoking something else.

Wed, 03/10/2010 - 16:31 | Link to Comment VegasBD
VegasBD's picture

It snowed here in vegas yesterday...

Wed, 03/10/2010 - 16:42 | Link to Comment Mr Lennon Hendrix
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agreed!

Wed, 03/10/2010 - 16:27 | Link to Comment faustian bargain
faustian bargain's picture

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

Wed, 03/10/2010 - 18:30 | Link to Comment Anonymous
Wed, 03/10/2010 - 22:15 | Link to Comment Mad Max
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.

Wed, 03/10/2010 - 11:55 | Link to Comment Dixie Normous
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.

Wed, 03/10/2010 - 12:10 | Link to Comment 10044
10044's picture

Elect Peter Schiff, you'll be good after that

Wed, 03/10/2010 - 12:32 | Link to Comment Dixie Normous
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.

Wed, 03/10/2010 - 12:50 | Link to Comment deadhead
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.

Wed, 03/10/2010 - 16:30 | Link to Comment faustian bargain
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.

Wed, 03/10/2010 - 13:03 | Link to Comment Mad Max
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.

Wed, 03/10/2010 - 15:45 | Link to Comment Cognitive Dissonance
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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.

Wed, 03/10/2010 - 18:04 | Link to Comment Dixie Normous
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.

Wed, 03/10/2010 - 12:35 | Link to Comment Anonymous
Wed, 03/10/2010 - 12:37 | Link to Comment SimpleSimon
SimpleSimon's picture

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

Wed, 03/10/2010 - 13:37 | Link to Comment pbmatthews
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.

Wed, 03/10/2010 - 14:14 | Link to Comment Dixie Normous
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.

Wed, 03/10/2010 - 15:02 | Link to Comment Real Estate Geek
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!"

 

Wed, 03/10/2010 - 14:40 | Link to Comment carbonmutant
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The beast is gonna howl when the April tax revenues show up.

Wed, 03/10/2010 - 14:16 | Link to Comment augmister
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

Wed, 03/10/2010 - 11:55 | Link to Comment monmick
monmick's picture

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

Wed, 03/10/2010 - 12:32 | Link to Comment Anonymous
Wed, 03/10/2010 - 12:02 | Link to Comment John McCloy
John McCloy's picture

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

Wed, 03/10/2010 - 12:09 | Link to Comment irieblue
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..

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/03/06/IN6O1C9OOG.DTL

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

Wed, 03/10/2010 - 12:09 | Link to Comment Internet Tough Guy
Internet Tough Guy's picture

North Carolina is not a new series high.

Wed, 03/10/2010 - 12:16 | Link to Comment bugs_
bugs_'s picture

Should start using Downdate instead of Update.

 

Wed, 03/10/2010 - 12:22 | Link to Comment BlackBeard
BlackBeard's picture

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

Wed, 03/10/2010 - 12:29 | Link to Comment Mad Max
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.

Wed, 03/10/2010 - 14:42 | Link to Comment Shameful
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Word around the campfire is that in Detroit the real unemployment is about 50%.  Our own little slice of the 3rd world!

Wed, 03/10/2010 - 12:22 | Link to Comment SDRII
SDRII's picture

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

Wed, 03/10/2010 - 12:31 | Link to Comment Anonymous
Wed, 03/10/2010 - 12:33 | Link to Comment Anonymous
Wed, 03/10/2010 - 12:35 | Link to Comment zenon
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?

 

Wed, 03/10/2010 - 12:51 | Link to Comment deadhead
deadhead's picture

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

Wed, 03/10/2010 - 13:01 | Link to Comment hedgeless_horseman
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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. 

Wed, 03/10/2010 - 13:31 | Link to Comment Al Huxley
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.

Wed, 03/10/2010 - 12:41 | Link to Comment E pluribus unum
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

Wed, 03/10/2010 - 13:02 | Link to Comment Mad Max
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?

Wed, 03/10/2010 - 16:38 | Link to Comment Mr Lennon Hendrix
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?

Wed, 03/10/2010 - 12:44 | Link to Comment Anonymous
Wed, 03/10/2010 - 12:46 | Link to Comment Anonymous
Wed, 03/10/2010 - 12:46 | Link to Comment deadhead
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.

Wed, 03/10/2010 - 12:49 | Link to Comment Anonymous
Wed, 03/10/2010 - 13:18 | Link to Comment Stranger
Stranger's picture

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

http://www.youtube.com/watch?v=yVA-xTBeHyM

Wed, 03/10/2010 - 13:22 | Link to Comment jkruffin
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?

Wed, 03/10/2010 - 13:32 | Link to Comment earnyermoney
earnyermoney's picture

"Who would buy that crap at those measly rates with inherent default risk out the ass??"

 

The Federal Reserve?

Wed, 03/10/2010 - 13:38 | Link to Comment Rainman
Rainman's picture

Go the the California State Treasurer website ........final interest rate offering to be set tomorrow for the GO $ 2 B issue. Participating brokers have more info.

Be aware that CA has a bad habit of paying in IOUs and state taxpayers aren't holding their breath waiting for tax refund checks.

 

Wed, 03/10/2010 - 13:45 | Link to Comment jkruffin
jkruffin's picture

Yea I know what you mean,  I just wanted to see what kind of rates these bonds were gonna be paying to see how whacko the jokers really are right now.  LOL  

I'm set and planning to buy some FED Trsy's once rates hit 15% hyper-inflation.  People don't think it will happen, but I am just about guaranteeing it!!  Maybe not this year, but I think it starts to unfold later this year, into next.

Wed, 03/10/2010 - 13:29 | Link to Comment Gimp
Gimp's picture

I think the numbers are low, South Florida with a heavy reliance on construction related jobs has a local unemployent rate of close to 18%. They are doing everything they can to hide it and that number does not even include the illegals who are not counted. The state of Florida annouced yesterday that the number of people receiving food stamps shot up from 1.2M a year ago to 2.6M today.

Wed, 03/10/2010 - 13:29 | Link to Comment Anonymous
Wed, 03/10/2010 - 13:36 | Link to Comment Gromit
Gromit's picture

Green jobs will save California!

Wed, 03/10/2010 - 14:42 | Link to Comment carbonmutant
carbonmutant's picture

You mean bill AB 390?

Wed, 03/10/2010 - 15:55 | Link to Comment Mad Max
Mad Max's picture

Soylent Green will save Kalifornia!

Wed, 03/10/2010 - 13:47 | Link to Comment Anonymous
Wed, 03/10/2010 - 15:27 | Link to Comment Stranger
Stranger's picture

When did we ever have a say in what the tax money is being used for?

The problem is taxation.

Wed, 03/10/2010 - 18:32 | Link to Comment faustian bargain
faustian bargain's picture

Hint: those massive expenditures you're talking about, are funded by the Fed. The 'tax' we pay is inflation.

Wed, 03/10/2010 - 14:09 | Link to Comment Ripped Chunk
Ripped Chunk's picture

I'm sure the worst is over.................................

Wed, 03/10/2010 - 16:17 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

you got a green chute?

Wed, 03/10/2010 - 14:09 | Link to Comment alphaninja
alphaninja's picture

Here's a look at the absolute fraud involved in California's "green" effort.

Large hydroelectric is not considered "renewable."

 

http://www.thealphaninja.com/2010/03/quote-of-day-your-moment-of-zen-form.html

Wed, 03/10/2010 - 14:13 | Link to Comment Rick64
Rick64's picture

Snow is melting and causing massive flooding. Can't go to work. Jesus whats next.

Wed, 03/10/2010 - 14:20 | Link to Comment Gimp
Gimp's picture

The Ponzi masters no doubt have at least 500 reasons for why the numbers are not what they want them to be. Waiting for the one where people stopped looking for jobs because they are busy watching the World Cup Soccer Tournament in June-July.

Wed, 03/10/2010 - 14:41 | Link to Comment Anonymous
Wed, 03/10/2010 - 15:12 | Link to Comment Anonymous
Wed, 03/10/2010 - 16:05 | Link to Comment Gimp
Gimp's picture

Let's enjoy the free speech while we can. Thank you ZH!

Wed, 03/10/2010 - 16:16 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

"There are no jobs!" -Celente

Wed, 03/10/2010 - 16:35 | Link to Comment faustian bargain
faustian bargain's picture

Could someone reorder that chart from lowest to highest? That would be more interesting to me.

Wed, 03/10/2010 - 18:04 | Link to Comment Anonymous
Wed, 03/10/2010 - 18:06 | Link to Comment Anonymous
Wed, 03/10/2010 - 22:11 | Link to Comment Anonymous
Thu, 04/15/2010 - 09:51 | Link to Comment mark456
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