This page has been archived and commenting is disabled.

No Surprises In September State Unemployment Report

Tyler Durden's picture




 

There were no notable movers in the September BLS State unemployment report: the worst states were the usual suspects: Michigan, Nevada, Rhode Island, California, and South Carolina, while the states that have 8 people to share among them, North and South Dakota, Nebraska, Utah and Iowa, continued being the best performers.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 10/21/2009 - 16:09 | 105997 TraderMark
TraderMark's picture

You really need to look behind the numbers

 

Many states had drops in unemployment rate due to discouraged workers - i.e. in America once you give up for 4 weeks you are "employed".

Wed, 10/21/2009 - 16:22 | 106022 GlassHammer
GlassHammer's picture

http://www.republicans.waysandmeans.house.gov/News/DocumentSingle.aspx?DocumentID=150826

^Check this out: 7 months after the stimulus 49 out of the 50 states have lost jobs.

I would not have expected Texas to suffer such a large loss. Then again everything is bigger there or so I have been told.

Whats funny is the projected job growth in some states.

 

Wed, 10/21/2009 - 21:31 | 106438 Sancho Ponzi
Sancho Ponzi's picture

Texas is hurting because Houston is a port city and the construction and refinery businesses has been hit hard. They'll bounce back as they aren't over-governed like the CA and NY basket cases.

From treehugger.com:

http://www.treehugger.com/files/2009/10/conservatie-values-liberal-green-goals.php

When Conservative Values Achieve Liberal Goals

'In 2006, that state's land commissioner, Jerry Patterson, talked to me about the wind boom in Texas -- and the fate of migratory birds in the Gulf of Mexico, where Texas has long ... sought to put offshore turbines. "There are going to be some seagulls popped," Mr. Patterson acknowledged. He then added, "After several generations, we'll have smarter birds."'

 

Wed, 10/21/2009 - 16:44 | 106045 Anonymous
Anonymous's picture

Republicans are playing games with the bill to extend (yet again) unemployment benefits. Democrats are letting them. Meaning that nobody wants to do it but everyone wants to be able to blame the other side.

The tent cities are about to get bigger....

Wed, 10/21/2009 - 22:34 | 106504 deadhead
deadhead's picture

that has been resolved. 

the issue was never over extending benefits as both sides agreed. the differences came down to where to get the money from.  repubs wanted it out of existing stimulus money, dems didn't.  the repub position prevailed.  it'll be voted on in the senate, moved to conference for a quick resolution, then passed by both.

check The Hill for details, don't have link, read it earlier today.

Wed, 10/21/2009 - 16:46 | 106046 Comrade de Chaos
Comrade de Chaos's picture

I am getting all of those denial of the service messages when I try to reload the ZH. Wonder, which of the BORG collectives got tired of the ZH (us) and decided to hire Russian hackers to carry out their little vendetta?

Wed, 10/21/2009 - 17:37 | 106123 geopol
geopol's picture

Take all the percentages and do the BLS Double dance.

 

45 DISTRICT OF COLUMBIA 22.8 46 OREGON 23.0 47 SOUTH CAROLINA 23.2 48 CALIFORNIA 24.4 49 RHODE ISLAND 26.0 50 NEVADA 26.6 51 MICHIGAN 30.6
Wed, 10/21/2009 - 18:03 | 106169 Brian Griffin
Brian Griffin's picture

Whew, luckily I am one of eight strategically located in one of the sprawling metropolis’ of Iowa! 

Wed, 10/21/2009 - 18:54 | 106252 Cognitive Dissonance
Cognitive Dissonance's picture

Got room for another? I'm looking for land to build a bomb shelter and a server farm. Opps, I mean celery farm.

Wed, 10/21/2009 - 20:57 | 106399 glenlloyd
glenlloyd's picture

In Iowa myself, and so far still working. OTOH my closest friend lost his job a week ago. He had been selling forklifts and other inventory type equipment. He said that he knew it was just a matter of time, even though he actually was performing pretty well.

Thu, 10/22/2009 - 01:00 | 106584 defender
defender's picture

I used to be #9, but I got laid off from a plant in Nebraska, and took a job down south.  My home town felt the sting of the downturn last month when the largest employer (a nursing home employing around 50 people) said that they were closing their doors.  With a population of 700 and 30 miles to the next town, everyone there is scared.

Wed, 10/21/2009 - 18:59 | 106262 ozziindaus
ozziindaus's picture

Who expects jobs to return and in what sector? While 20% of the nation cannot find work, Wall St. is paying bonus' to retain douchbags. If that argument holds true then it should be proven first.

Wed, 10/21/2009 - 19:54 | 106335 trillion_dollar...
trillion_dollar_deficit's picture

My wife finally found a job after two years of being unemployed. She is an attorney and the firm that hired her was only hiring because of a contract they won with the state (they're about to go after all the dead beat dads). So, really the only reason why she has a job now is because of the government. Not that I care. Everyone else is sucking on that teet. We might as well too.

Wed, 10/21/2009 - 20:49 | 106394 Miyagi_san
Miyagi_san's picture

OH SHIT !!

Wed, 10/21/2009 - 20:59 | 106400 Cognitive Dissonance
Cognitive Dissonance's picture

Hurry up there buddy. There are a few million lined up behind you chomping at the bit. Looks like that teet's in for a work out.

Wed, 10/21/2009 - 21:22 | 106429 Anonymous
Anonymous's picture

I personally don't believe any unemployment stats without first verifying with
http://www.shadowstats.com/

Wed, 10/21/2009 - 23:46 | 106557 Anonymous
Anonymous's picture

.
North Dakota is a solvent state that does not depend on FDIC or the federal gov in general. But if you are just generaly igrorant you might ignore facts and go for the shock value. Slow down on your posts and consider placing acuracy above volume. YOU HAVE BEEN CONSISTANTLY WRONG in your analysis for a long time. Your 'sky is falling' matra has not come true and most likely will not. Shields up, you and your ass kissing followers are not worth spell checking this bitch! Check ya on the flip side chicken little.
.

Thu, 10/22/2009 - 09:14 | 106668 MsCreant
MsCreant's picture

Show us with specific posts that are wrong and documents that show them to be wrong.

Otherwise, STFU.

Do NOT follow this link or you will be banned from the site!