Unemployment Rate By State: July Update, California Hits 11.9%
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%
(5 votes)
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on Fri, 08/21/2009 - 09:52
#43267
Fewer people earning money means more money for the market right? Rally.
on Fri, 08/21/2009 - 09:54
#43272
Is it time to bring out the gullioutine yet?
on Fri, 08/21/2009 - 10:42
#43352
Its not over until the fat banker "sings".... Or squeals is probably is a better word...
on Fri, 08/21/2009 - 22:30
#44526
Banker: "Why do I suddenly hear banjo music?"
on Fri, 08/21/2009 - 14:55
#43276
keeps getting worse
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
on Fri, 08/21/2009 - 09:58
#43280
green shits
i mean shoots
on Fri, 08/21/2009 - 10:12
#43309
Green sharts.
http://www.youtube.com/watch?v=rm2DcWerIVg
on Fri, 08/21/2009 - 13:04
#43684
Shanks.
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.
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.
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.
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.
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?
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?
on Fri, 08/21/2009 - 10:52
#43377
A rise from 2% to 3% is a 50% rise.
on Fri, 08/21/2009 - 10:02
#43291
Come on, guys! Haven't you heard of a jobless recovery before? Buy, buy, buy!
on Fri, 08/21/2009 - 10:02
#43293
Clearly, this data is a victory for the bulls.
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.
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.
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.
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).
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
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
on Fri, 08/21/2009 - 10:12
#43308
Everybody is rich in CA, they don't need jobs. Bullish!
on Fri, 08/21/2009 - 13:24
#43755
exactly.. they are all living on fat royalties to their swiss bank accounts.... well they WERE
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.
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
on Fri, 08/21/2009 - 10:13
#43312
Let's just mail everyone a check for $500,000 and liquidate all the debt.
on Fri, 08/21/2009 - 10:14
#43316
http://www.reuters.com/article/ousiv/idUSTRE57K2KX20090821
"Stock rally is "dash for trash": hedge manager Bullman"
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.
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.
on Fri, 08/21/2009 - 10:28
#43331
Far along indeed. The 'American dream' is dead
on Fri, 08/21/2009 - 11:10
#43326
But by the grace of god, there goes me. And I'm a pagan.
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.
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?
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.
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
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
on Fri, 08/21/2009 - 11:01
#43394
RI almost 13% too
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
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.
on Sat, 08/22/2009 - 07:42
#44660
Michigan has got you all beat. :-) We were where California is now months ago.
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!
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?
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?
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
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