January State Unemployment Update: Unemployment Rate Increases In 30 States With California Back To Record
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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on Wed, 03/10/2010 - 10:54
#260545
Nevada, SC, California all high due to snow storms.
on Wed, 03/10/2010 - 11:33
#260600
This is true for California!
Everyone took off for Tahoe when the snow hit.
on Wed, 03/10/2010 - 11:36
#260606
+n/0
on Wed, 03/10/2010 - 11:47
#260632
harry gets post of the day.
on Wed, 03/10/2010 - 13:14
#260756
high in Oregon. We grow our own.
Banks must be smoking something else.
on Wed, 03/10/2010 - 15:31
#260919
It snowed here in vegas yesterday...
on Wed, 03/10/2010 - 15:42
#260941
agreed!
on Wed, 03/10/2010 - 15:27
#260912
Who would've guessed North Dakota would have no snow in the winter. Amazing.
on Wed, 03/10/2010 - 17:30
#261106
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.
on Wed, 03/10/2010 - 21:15
#261303
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.
on Wed, 03/10/2010 - 10:55
#260547
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.
on Wed, 03/10/2010 - 11:10
#260566
Elect Peter Schiff, you'll be good after that
on Wed, 03/10/2010 - 11:32
#260596
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.
on Wed, 03/10/2010 - 11:50
#260637
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.
on Wed, 03/10/2010 - 15:30
#260917
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.
on Wed, 03/10/2010 - 12:03
#260654
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.
on Wed, 03/10/2010 - 14:45
#260861
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.
on Wed, 03/10/2010 - 17:04
#261062
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.
on Wed, 03/10/2010 - 11:35
#260604
Asstoot observation , clearly a fiscal conservative would fuck things up huh.
on Wed, 03/10/2010 - 11:37
#260609
Do all you can to cut tax revenues legally. Starve the beast until it dies.
on Wed, 03/10/2010 - 12:37
#260700
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.
on Wed, 03/10/2010 - 13:14
#260757
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.
on Wed, 03/10/2010 - 14:02
#260811
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!"
on Wed, 03/10/2010 - 13:40
#260782
The beast is gonna howl when the April tax revenues show up.
on Wed, 03/10/2010 - 13:16
#260759
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
on Wed, 03/10/2010 - 10:55
#260549
The 10yr auction this afternoon won't be pretty...
on Wed, 03/10/2010 - 11:32
#260595
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?
on Wed, 03/10/2010 - 11:02
#260558
Me: (Coughs feebily)..lights fading..resolve to stay short decreasing.Too many low volume pumps and temporary rumors.
on Wed, 03/10/2010 - 11:09
#260564
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.
on Wed, 03/10/2010 - 11:09
#260565
North Carolina is not a new series high.
on Wed, 03/10/2010 - 11:16
#260571
Should start using Downdate instead of Update.
on Wed, 03/10/2010 - 11:22
#260581
Michigan's UE rate implies MadMax. Got black leather?
on Wed, 03/10/2010 - 11:29
#260591
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.
on Wed, 03/10/2010 - 13:42
#260789
Word around the campfire is that in Detroit the real unemployment is about 50%. Our own little slice of the 3rd world!
on Wed, 03/10/2010 - 11:22
#260582
But but Brian Westbury says we will create 300K jobs, surely he can't be wrong
on Wed, 03/10/2010 - 11:31
#260593
Americans are quick learners -
Vornado walking away from one of its properties.
Commercial borrowers beginning to walk away (article today)
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201003100949dowjonesdjonline000431&title=commercial-real-estate-owners-beginning-to-walk-away-from-properties
on Wed, 03/10/2010 - 11:33
#260598
thats when we Bury Brian with the other Brian (Sack)!!
on Wed, 03/10/2010 - 11:35
#260605
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?
on Wed, 03/10/2010 - 11:51
#260639
how funny...i made my comment below before reading the thread.
on Wed, 03/10/2010 - 12:01
#260642
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.
on Wed, 03/10/2010 - 12:31
#260687
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.
on Wed, 03/10/2010 - 11:41
#260616
Hard to see how he gets re=elected in 2012 with these kinds of numbers - CA, NC, MI, GA, FL, are all pretty ugly
on Wed, 03/10/2010 - 12:02
#260653
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?
on Wed, 03/10/2010 - 15:38
#260909
'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?
on Wed, 03/10/2010 - 11:44
#260623
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.
on Wed, 03/10/2010 - 11:46
#260628
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!)
on Wed, 03/10/2010 - 11:46
#260630
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.
on Wed, 03/10/2010 - 11:49
#260635
The first 5 headlines on cnbc were fucking bearish and Bloombergen's first headline was "Unemployment dips in 9 states...uhh
on Wed, 03/10/2010 - 12:18
#260665
This just in, unemployment rate forecast down based on optimistic outlook for club-wielding gang recruitment.
http://www.youtube.com/watch?v=yVA-xTBeHyM
on Wed, 03/10/2010 - 12:22
#260670
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?
on Wed, 03/10/2010 - 12:32
#260690
"Who would buy that crap at those measly rates with inherent default risk out the ass??"
The Federal Reserve?
on Wed, 03/10/2010 - 12:38
#260705
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.
on Wed, 03/10/2010 - 12:45
#260715
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.
on Wed, 03/10/2010 - 12:29
#260680
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.
on Wed, 03/10/2010 - 12:29
#260682
The Objective reporting would make Pravda proud.
Every empire collapses. Our just had a few more bells and whistles in terms of financial engineering that took it a while to be exposed for what it is.
Or, Afghanistan is the grave of Empires.
The Enemy of mine enemy is my friend today, my enemy tomorrow while my enemy becomes my friend.
The sad state that is inhumanity.
http://funy1.blogspot.com/2010/03/even-sun-eventually-flares-on-usurious.html
http://funy1.blogspot.com/2010/03/ciscos-revolutionary-market-changing.html
on Wed, 03/10/2010 - 12:36
#260698
Green jobs will save California!
on Wed, 03/10/2010 - 13:42
#260788
You mean bill AB 390?
on Wed, 03/10/2010 - 14:55
#260874
Soylent Green will save Kalifornia!
on Wed, 03/10/2010 - 12:47
#260718
The primary and essential problem is not that the Government taxes, the problem is what the tax money is being used for: to bail out banks, pay for two wars and a bloated military/private contractors, pay for a bloated public service employees.
All you anti-taxers should read Robin Einhorn's book: American Taxation, American Slavery. This book shows how all this anti-tax rhetoric was originally used by slave-holders to prevent direct taxation of their slaves and then adopted by the corporate elite to prevent taxation of their wealth. Its an important read. It will prevent you from repeating the slogans of the slave plutocrats and carrying out the will of the corporate oligarchs.
on Wed, 03/10/2010 - 14:27
#260840
When did we ever have a say in what the tax money is being used for?
The problem is taxation.
on Wed, 03/10/2010 - 17:32
#261111
Hint: those massive expenditures you're talking about, are funded by the Fed. The 'tax' we pay is inflation.
on Wed, 03/10/2010 - 13:09
#260750
I'm sure the worst is over.................................
on Wed, 03/10/2010 - 15:17
#260901
you got a green chute?
on Wed, 03/10/2010 - 13:09
#260751
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
on Wed, 03/10/2010 - 13:13
#260755
Snow is melting and causing massive flooding. Can't go to work. Jesus whats next.
on Wed, 03/10/2010 - 13:20
#260763
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.
on Wed, 03/10/2010 - 13:41
#260787
My town in Florida is at Michigan's unemployment % right now and its snowbird season. This economy is not recovering just because they let inventories get down to crazy low levels a while back. GDP will be negative again by Q3 if not Q2.
on Wed, 03/10/2010 - 14:12
#260821
The biggy Mass Media propaganda have pulled the unemployment story completely. Gone from Bloomberg.com.CBSMarketwatch etc....they don't like the news, they simply edit/delete it! Thank God for this site and others that tell you whats really going on!
on Wed, 03/10/2010 - 15:05
#260885
Let's enjoy the free speech while we can. Thank you ZH!
on Wed, 03/10/2010 - 15:16
#260899
"There are no jobs!" -Celente
on Wed, 03/10/2010 - 15:35
#260928
Could someone reorder that chart from lowest to highest? That would be more interesting to me.
on Wed, 03/10/2010 - 17:04
#261063
Actual CNN headline: "State unemployment picture brightens"
Thank Zuul we have an informed and objective media!
on Wed, 03/10/2010 - 17:06
#261066
Actual CNN headline: "State unemployment picture brightens"
Thank Zuul we have an informed and objective media!
on Wed, 03/10/2010 - 21:11
#261297
Worst. Color. Scheme. For. A. Graph.
Ever.
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#301853
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