Job Market Monitor
States
Unemployment Under 4% in US – Five States have it
With the exception of Vermont, which had an unemployment rate of 3.5% in June, the states with extraordinary jobless figures are in the Great Plains, where an energy boom has helped the economy. Shale-rich North Dakota had a jobless rate of a mere 2.7% in June. Following it were Nebraska at 3.5%, Utah at 3.5% … Continue reading
US in Maps – State unemployment, 2004 to 2014
State unemployment rates were generally lower in April. Forty-three states had unemployment rate decreases, two states had increases, and five states and the District of Columbia had no change. Forty-seven states and the District of Columbia had unemployment rate decreases from a year earlier, one state had an increase, and two states had no change. … Continue reading
US Jobs Gap / States are closely mirroring the nation in terms of pace of recovery
Somewhat surprisingly, in contrast with past cycles a state’s job-growth performance in the recovery to date appears largely uncorrelated to its rate of job loss in the 2008 downturn. The job-growth rates in the ensuing recovery are clustered in a fairly tight range around the 4.8 percent U.S. average, suggesting that states are closely mirroring the nation in terms of pace of recovery Continue reading
India / Poorer states creating most jobs
Most of the poorer, less industrialized states like Jharkhand, Chhattisgarh and Bihar appear to have done well in increasing their work force in the past decade according to recently released Census 2011 data. Surprisingly, richer or more urbanized states like Punjab, Haryana and Kerala have lagged far behind in job creation. But if you take … Continue reading
U.S. trade deficit with China cost 2.7 million jobs
The U.S. trade deficit with China eliminated or displaced more than 2.7 million U.S. jobs between 2001 and 2011, a new Economic Policy Institute briefing paper finds. The China toll: Growing U.S. trade deficit with China cost more than 2.7 million jobs between 2001 and 2011, with job losses in every state, by EPI’s Director of Trade … Continue reading
US – Unemployment rate rises in 44 states
Close to 90 percent of states saw their unemployment rates rise in July, a potentially worrisome development for President Obama’s reelection campaign. The Labor Department reported Friday that 44 states in all saw their jobless rate go up, with four states seeing no change at all. Only Idaho and Rhode Island — along with Washington, … Continue reading
Nine states have regained all jobs lost to recession – The Business Journals
Nine states and the District of Columbia have recovered all of the jobs they lost during the recession. The other 41 states are still working on their comebacks. On Numbers analyzed state-by-state employment data from the U.S. Bureau of Labor Statistics for May 2007 and the same month this year. The economic downturn officially … Continue reading
Federal Reserve Bank of Philadelphia’s coincident indexes for states decreased in nine states
The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for May 2012. In the past month, the indexes increased in 34 states, decreased in nine states, and remained stable in seven states, for a one-month diffusion index of 50. Over the past three months, the indexes increased in 47 … Continue reading
States with the Longest Stretches of Unemployment
In the annals of states with long stretches of high unemployment, Nevada seems destined to become the poster child for the Great Recession and foreclosure crisis. The state has an 11.9% unemployment rate — a half a percentage point higher than runner up Rhode Island. Nevada has led the nation in unemployment for 27 months, … Continue reading
In The News | US Labor Market Is In A Full-Blown Depression, Joseph Stiglitz on The Price of Inequality, States with the widest income gap, Certificates pay off, Layoffs, layoffs and a bit of hiring plus Much More
The US Labor Market Is In A Full-Blown Depression zerohedge.com – Now that stocks are back to reflecting nothing more than expectations of how many times the Chairsatan dilutes the existing monetary base in a carbon copy replica of not only 2011 but also 2010… … JobMarketMon Joseph Stiglitz on “The Price of Inequality: How Today’s … Continue reading
Unemployment Rate | Decline in 30 states
This graph shows the current unemploymentrate for each state (red), and the max during the recession (blue). Every state has some blue – indicating no state is currently at the maximum during the recession. The states are ranked by the highest current unemployment rate. Only three states still have double digit unemployment rates: Nevada, Rhode … Continue reading
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