• George Washington
    09/05/2010 - 22:40
    When did it start? When will it end?
  • Cognitive Dissonance
    09/05/2010 - 15:45
    We should not adopt positions or beliefs that oppose the Ponzi simply because it’s contrary to the Ponzi. Doing so just shifts the illusion of control to us, but still leaves us dancing to the Ponzi beat. Our views should be adopted only after rigorous examination and vetting. This is the only way to a truly peaceful, free and sovereign life.
  • asiablues
    09/05/2010 - 18:06
    The back-to-back super-sized traffic jams near Beijing has landed China on the top spot among the cities with the world's worst traffic. While the world seems quite fixated on the length--miles and number of days--of these mega jams near Beijing, there's also a serious message--the under-capacity of China’s infrastructure.

Unemployment Rate By State: July Update, California Hits 11.9%

Tyler Durden's picture




The most recent BLS State unemployment data is out. State by state unemployment increased by 1.0% on average (unweighted) from June to July.

Some notable states June unemployment rates and June-July rate of change:

  • California: 11.9%, 2.6%
  • Nevada: 12.5%, 4.2%
  • Texas: 7.9%, 5.3%
  • New York: 8.6%, -1.1%
  • Wyoming: 6.5%, 10.2%
  • Nebraska: 5.0%, 13.6%
  • Mississippi: 9.7%, 7.8%

4.6
Your rating: None Average: 4.6 (5 votes)



by nightfly
on Fri, 08/21/2009 - 09:52
#43267

Fewer people earning money means more money for the market right? Rally.

by TumblingDice
on Fri, 08/21/2009 - 09:54
#43272

Is it time to bring out the gullioutine yet?

by Anonymous
on Fri, 08/21/2009 - 10:42
#43352

Its not over until the fat banker "sings".... Or squeals is probably is a better word...

by defender
on Fri, 08/21/2009 - 22:30
#44526

Banker:  "Why do I suddenly hear banjo music?"

by sigmadelta (not verified)
on Fri, 08/21/2009 - 14:55
#43276

by avatar
on Fri, 08/21/2009 - 09:58
#43280

green shits

 

i mean shoots

by Green Sharts
on Fri, 08/21/2009 - 10:12
#43309

by dnarby
on Fri, 08/21/2009 - 13:04
#43684

Shanks.

by Anonymous
on Sun, 08/23/2009 - 12:37
#45410

cracking like mad on my chair, very nice! needed a laugh after all the news about black joker..and old female white clown.

by Anonymous
on Fri, 08/21/2009 - 09:58
#43281

I would say there is a significant chance when the market blows up the next time it will be accompanied by tears.

For the life of me I can't figure out why these markets have shot up the way they have.

by Anonymous
on Fri, 08/21/2009 - 10:37
#43340

me neither....No fundamentals to support it, no basis for it. I can't explain and it's annoying me. I'd consider increasing long holdings but I just don't trust it.

by Anonymous
on Fri, 08/21/2009 - 10:38
#43342

Quantitative easing = nearly free money to trading desks of money center banks. The input/output relationship is not difficult to grasp here, people.

by dnarby
on Fri, 08/21/2009 - 13:06
#43692

Yep.

I traced it back to a paper Greenshootspan wrote.  They think keeping equity prices high will aid in the recovery, obstensively by giving companies better capitalization with which to borrow and spend with.  This appears to have been incorporated into the thinking at the Fed.

Anybody else see a problem with this logic?

by Anonymous
on Fri, 08/21/2009 - 10:01
#43286

Good post. I'll personally try to keep CA below 12% by not getting fired. But how the hell did Wyoming and Nebraska had a higher month over month change than their total unemployment?

by Anonymous
on Fri, 08/21/2009 - 10:52
#43377

A rise from 2% to 3% is a 50% rise.

by VLee
on Fri, 08/21/2009 - 10:02
#43291

Come on, guys!  Haven't you heard of a jobless recovery before? Buy, buy, buy!

by deadhead
on Fri, 08/21/2009 - 10:02
#43293

Clearly, this data is a victory for the bulls.

by Pizza Delivery Man
on Fri, 08/21/2009 - 10:07
#43300

U.S housing is seeing some greenshoots.

Too bad it's the Chinese buying all the mortgages instead of Americans.

Some kind of lopsided world we're living in.

by Mannwich
on Fri, 08/21/2009 - 10:09
#43304

We don't need jobs in the new economy.  We'll just trade worthless financial paper to each ad infinitum.

by Anonymous
on Fri, 08/21/2009 - 10:11
#43306

A couple quick points: your average change of 1.0% is actually at the -1.0% level. This appears to be an error in placing the line, not an error in math.

It also appears that the 1.0% average may understate the total. Almost all the big states, CA, IL, TX, PA show worsening trends. NY appears the only exception.

by Anonymous
on Fri, 08/21/2009 - 19:47
#44400

no, it is at the 1% level, not -1%

There are two scales, dude, right and left.

He put the line in the right spot for the scale on the right (with the little tick marks denoting the 5% increments).

by Anonymous
on Fri, 08/21/2009 - 19:53
#44411

no, it is at the 1% level, not -1%

There are two scales, dude, right and left.

He put the line in the right spot for the scale on the right (with the little tick marks denoting the 5% increments).

The long horizontal scale lines are for the scale on the left.

Dr. Brown

by Dr Brown
on Fri, 08/21/2009 - 20:00
#44418

no, it is at the 1% level, not -1%

There are two scales, dude, right and left.

He put the line in the right spot for the scale on the right (with the little tick marks denoting the 5% increments).

The long horizontal scale lines are for the scale on the left.

Dr. Brown

by mdtrader
on Fri, 08/21/2009 - 10:12
#43308

Everybody is rich in CA, they don't need jobs. Bullish!

by dark pools of soros
on Fri, 08/21/2009 - 13:24
#43755

exactly.. they are all living on fat royalties to their swiss bank accounts....  well they WERE

by Anonymous
on Fri, 08/21/2009 - 10:13
#43310

SHOCKING TO FIND THAT THIS NEWS HAVE BEEN TAKEN OFF!!!!

I had always thought that Bloomberg is fair. The news does not appear on the main page . I watch on net. Check it out. The news was there for few minutes, I suppose.

What a fucking fraud on the people. Buy and buy. Interestingly when the news appeared Dow stalled for a few minutes it seems. Now it is back to rising. What a joke.

by AGGfarm (not verified)
on Fri, 08/21/2009 - 17:55
#44102

ample bosom's bulging out of anchorettes' low buttoned shirts today on CNBC I wonder?

good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions

by Project Mayhem
on Fri, 08/21/2009 - 10:13
#43312

Let's just mail everyone a check for $500,000 and liquidate all the debt. 

by MountainHawk
on Fri, 08/21/2009 - 10:14
#43316

http://www.reuters.com/article/ousiv/idUSTRE57K2KX20090821

"Stock rally is "dash for trash": hedge manager Bullman"

by Anonymous
on Fri, 08/21/2009 - 10:16
#43318

Never underestimate the number of jobs which may be created or sustained by a good red herring.

by Miles Kendig
on Fri, 08/21/2009 - 10:20
#43320

Who cares?  The folks losing their jobs are just worthless folks that do not really contribute to society since they no longer pay employment taxes and will be unable to spur consumption in any meaningful way.  So say many out there. 

I rather suspect that the greater the pain the greater the willingness to examine alternatives.  The risk of course is that ignorance, fanaticism & tyranny will take charge.  However, we are already far along that road and these hits may be the only hope remaining of waking the great Narod from their slumbers. 

by Veteran
on Fri, 08/21/2009 - 10:28
#43331

Far along indeed.  The 'American dream' is dead

by Marley
on Fri, 08/21/2009 - 11:10
#43326

But by the grace of god, there goes me.  And I'm a pagan.

by Howard_Beale
on Fri, 08/21/2009 - 10:42
#43353

Numerous stock market cycles are lined up for the first week of Sep to be a significant top. NFP come out on the 4th. I think we have our rally expiration date close at hand. Since the cycles are from the 4-8th, and Labor Day is the 7th, either NFP explodes us to the upside with a little follow through on Tuesday, the 8th, or the party ends 8:30 am on the 4th. With the new highs today, we have a possible 250+ more Dow in this loco-mo-mo-train.

by Anonymous
on Fri, 08/21/2009 - 10:43
#43356

I literally read this article talking about "what to do when laid off". The very FIRST thing suggested was that now that you have time you should go out and TRAVEL, see things, get your mind off of your worries.

Are you kidding me?

by Rex Crotch
on Fri, 08/21/2009 - 11:55
#43490

Travel to North Dakota or Nebraska. Low employment in both states. Should be an exciting new life you can start.

by dark pools of soros
on Fri, 08/21/2009 - 13:28
#43769

it is the best thing to do... in the early 90's and again in '02 i took off a year or so and had a great time by the west coast and then the east coast...  you can live pretty cheap when you take stress out of your life..

 

then again i was single and no mortgage and any other bills so your milage and chainage may vary

by Anonymous
on Fri, 08/21/2009 - 10:51
#43375

don't buy that Housing BS, Housing always peaks in the summer, and banks CANNOT sell at current prices their shadow inventory of homes which keeps growing every week, and take HUGE losses comparing to 80-95 cents on the dollar on balance sheets as for mark-to-fantasy accounting.

keep shorting the stock market on every 1% uptick

by Tripps
on Fri, 08/21/2009 - 11:01
#43394

RI almost 13% too

by Anonymous
on Fri, 08/21/2009 - 11:15
#43421

don't buy that Housing BS, Housing always peaks in the summer, and banks CANNOT sell at current prices their shadow inventory of homes which keeps growing every week, and take HUGE losses comparing to 80-95 cents on the dollar on balance sheets as for mark-to-fantasy accounting.

keep shorting the stock market on every 1% uptick

by Anonymous
on Fri, 08/21/2009 - 11:24
#43447

Go figure California leads the States in unemployment, the most prosperous state, or at least one of them...so glad I live here...good grief.

by Anonymous
on Sat, 08/22/2009 - 07:42
#44660

Michigan has got you all beat. :-) We were where California is now months ago.

by peoplesdemocrat...
on Fri, 08/21/2009 - 12:11
#43527

Those green shoots are trying to sprout but all these unemployed people keep walking on them. Yes I know, we are in a jobless recovery (cough, gag..........), things are great, yada yada yada

We need to grap a few enviromentalists to protect the green shoots!

by Anonymous
on Fri, 08/21/2009 - 12:26
#43569

How is that states average a 1% increase in unemployment, with most of the larger states increasing, yet BLS came out with a .1% reduction in unemployment??

Let me guess, the states don't use any birth-death black box adjustments, right?

by Printfaster
on Fri, 08/21/2009 - 13:07
#43695

I read that a survey found that more workers than ever in history fear being laid off.

These folks are the insiders.  What is that telling us about future unemployment?

 

by dark pools of soros
on Fri, 08/21/2009 - 13:32
#43785

who needs jobs, everything is going free..  free music, movies, mortgage, reporting, health care, food stamps... soon we'll get credits for gas etc

 

let the Red roll in and we all can live on blogs and Second Life forever

by AGGfarm (not verified)
on Fri, 08/21/2009 - 17:55
#44096

i glad got that $163 mil back. That might be enough to cover another whole week's worth of

good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions

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