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State Unemployment Rate Declines As Government Hiring Soars, Nevada Now Worst State In US

Tyler Durden's picture




 

The BLS has released May unemployment data by state: nothing too notable - a slight decline in the overall unemployment rate: "Thirty-seven states and the District of Columbia recorded unemployment rate decreases over the month, 6 states had increases, and 7 states had no change." Nevada hit a new all time high rate of 14%, and surpassed Michigan at 13.6% as worst state in the continental US. Aside from that, the MoM change was not very material for other states. Where there is also no surprise is who the biggest source of state jobs was in May: out of 394 thousand jobs created in May (total at 130,197,600), 86% was courtesy of government hiring. This is not surprising as the bulk of the hiring was due to census, as was already reported. Losses were reported in Construction, Trade, Transportation, Financial Services, and Education and Health Services. Pick ups were seen in manufacturing, professional and leisure and hospitality services.

 

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Fri, 06/18/2010 - 11:01 | 421245 hedgeless_horseman
hedgeless_horseman's picture

Does the Census 2.0 bill come up for comment in the House today, or next week?

Fri, 06/18/2010 - 13:07 | 421526 faustian bargain
faustian bargain's picture

Census 2.0, a.k.a. Continuous Census, or ConCensus for short.

Fri, 06/18/2010 - 11:08 | 421254 trillion_dollar...
trillion_dollar_deficit's picture

Senator Reid is toast.

Fri, 06/18/2010 - 11:33 | 421290 nevadan
nevadan's picture

God, I hope so!

Fri, 06/18/2010 - 12:22 | 421409 Clayton Bigsby
Clayton Bigsby's picture

good - fuck that fudgepacker

Fri, 06/18/2010 - 19:25 | 422167 LeBalance
LeBalance's picture

The Honourable Mr. Frank likes toast with jelly.

Fri, 06/18/2010 - 15:17 | 421771 percolator
percolator's picture

I hope so, but I'm not so sure Reid is toast.

I'm a long time Vegas resident and with Sharron Angle winning the Reps' primary its going to be a close race whereas Lowden or Tark would've crushed Reid.  Reid got his wish having Angle win and he's going to paint her as an extremist - tea party wacko. 

I fully support Angle, but she's got some issues Reid is going to hammer on and with a $25 million war chest he's going to smear her from now until the election.  Supposedly the Reps are going to back Angle, but I have my doubts about how enthusiastic they'll be in supporting her.

She needs $$$ to counter Reid's attacks and I ask everyone to donate here:

http://www.sharronangle.com/

My biggest fear is that Harry and his son Rory who is running for Governor here both win which would be very sad for the "Battle Born" state.

Fri, 06/18/2010 - 19:28 | 422172 Rainman
Rainman's picture

Harry's been jamming that Stimulus Bullet Train from LA to LV right up the asses of the casino oligarchs. Personally, I don't believe that they believe he's playing a straight game. Outside the self-serving Vegas casino proletariat, he is detested. Even if Wayne Newton ran, he'd win in a landslide.

Fri, 06/18/2010 - 11:16 | 421272 sheeple
sheeple's picture

86% was courtesy of government hiring

 

So we have more fat asses with acne filled buttcheeks sitting around infront of facebook gulping McD slurping coke

Fri, 06/18/2010 - 11:36 | 421298 SteveNYC
SteveNYC's picture

Yes, this is a very healthy trend for the country. Imagine what it will do for MacDonalds' and Yum! Brands stock prices!!

Fri, 06/18/2010 - 11:49 | 421313 Village Idiot
Village Idiot's picture

I thought "acne filled buttcheeks" were banned as part of the - 1978 Pimple Free Porno Proclomation?

Fri, 06/18/2010 - 12:23 | 421416 Clayton Bigsby
Clayton Bigsby's picture

or ZeroHedge - ha!!!

Fri, 06/18/2010 - 19:40 | 421444 Dr Hackenbush
Dr Hackenbush's picture

Sold everything, bought iPad, now hitchhiking to N Dakota -  Follow me as I tweet. 

Fri, 06/18/2010 - 12:45 | 421470 ozziindaus
ozziindaus's picture

I've done a lot of traveling around the middle east and northern Africa and what I notice is this. Government employees, no matter what the uselessness or purpose of their titles are, command and receive respect out of sheer fear. Dare to look at them the wrong way and you'll likely be met with a falanga or a batten to the head. This is stage 3 of totalitarianism. Businesses are not treated any kindlier since they pose an obvious threat to government power (Stage 2). Stage 1 is USA if continued along this path. 

Fri, 06/18/2010 - 14:22 | 421686 MachoMan
MachoMan's picture

Dealing with our government workers here in the U.S., often times I would choose a bat to the head...  complete and total idiocy.  I have to talk to a half a dozen people, just to determine they don't have the authority to effectuate my request...  and, further, requests are summarily denied because the person has no check or balance...  no higher power to answer.  In effect, they might actually have to do work and, therefore, deny everything.

That's presuming you can enter the right number sequences on the voice prompts to actually speak to someone.  Or, god help you if you're on a voice activated system... 

If I knew I was going to take a beating, I would simply refrain from contacting the government...  but, every once and a while, I find someone worth a shit that can help...  keeps me coming back for more...  I think the beating would be more humane.  I feel like Prometheus.

Fri, 06/18/2010 - 12:54 | 421493 BlackBeard
BlackBeard's picture

fuckin' sweet.  Anyone want to form a private equity fund to invest in online porno? All roads point to higher demand in public service offices in the near future.

Fri, 06/18/2010 - 13:10 | 421535 faustian bargain
faustian bargain's picture

Do they actually include Puerto Rico in all the BLS number calculations?

Fri, 06/18/2010 - 15:49 | 421867 dark pools of soros
dark pools of soros's picture

are they counting all the strippers & hookers in vegas? 

Fri, 06/18/2010 - 19:15 | 422160 Rainman
Rainman's picture

....not that I would or am allowed to participate ( Mrs. Rainman has a rule about that )..... but the Strip hookers are looking less shanky all the time.

Sat, 06/19/2010 - 01:37 | 422422 faustian bargain
faustian bargain's picture

...and apparently the percentage of crack whores with all their teeth still intact, is on the rise.

Fri, 06/18/2010 - 22:50 | 422325 boeing747
boeing747's picture

Santa Clara County UE rate dropped from 12% to 11% in May, most of jobs created are Federal jobs according today's report. But I guest these Federal jobs are actually 'Census jobs' which will go away soon, then we can see the ugly picture of reality.

Sat, 06/19/2010 - 11:14 | 422586 Grand Supercycle
Grand Supercycle's picture

 

EURO bullish signals I warned of during the past few weeks - has resulted in the recent rally and the daily chart remains bullish.

The DOW/SP500 counter trend rally suggested on June 13 continues, however ...

http://stockmarket618.wordpress.com/about

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