EconWatch.com > Salisbury News: The Obama Economy Is Great”¦For Washington D.C.

[Salisbury News] Last week, Michigan’s Bureau of Labor Market Information announced that their state’s unemployment rate spiked in June, hitting 15.2%, the highest rate since mid-1983. Five other states, Rhode Island (12.4%), Oregon (12.2%), South Carolina (12.1%), Nevada (12%), and California (11.6%) all have either matched or surpassed their all time unemployment highs.

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[EconomyInCrisis Articles] Economyincrisis.org - America's Economic Report - Daily: In addition, a recent study by the Economic Policy Institute found that even states with relatively low levels of unemployment have still experienced very steep job losses throughout the recession.  For instance, the state of Arizona has a lower unemployment rate than the national average, however, it ranks second in the percentage of job loss since the recession began.   

[Bear Market Investments] Unemployment Tops 10 Percent In 15 States | Bear Market Investments: Still, the state unemployment report underscored the damage that the longest recession since World War II has inflicted on companies, workers and communities, and the challenges the economy faces getting back on its feet. ... The other states where unemployment topped 10 percent last month were: Alabama, California, Florida, Georgia, Illinois, Indiana, Kentucky, Nevada, North Carolina, Ohio, Oregon, Rhode Island, South Carolina and Tennessee. In May, 13 states plus the ...

[news.newamericamedia.org] California EconoTalk - NAM: CCSCE is a private research organization founded in 1969 to provide an independent assessment of economic and demographic trends in California. NAM will regularly feature California EconoTalk, with Levy’s insights and analysis on California’s economic landscape, which originally appear on the CCSCE website: www.ccsce.com.

[mediabistro.com: FishBowlLA] California Unemployment Hits 11.6% - mediabistro.com: FishbowlLA: Unemployment in the state was far higher than the current 9.5% national rate and ranked sixth in the country after Michigan, Rhode Island, Oregon, South Carolina and Nevada. Sixteen states reported rates last month of 10% or more.

[San Francisco Examiner Site Feed] State unemployment rate remains high at 11.6 percent | San ...: The state has lost slightly more than 766,000 jobs since June 2008, down 5.1 percent, according to the state's survey of 42,000 California businesses. A smaller federal survey of households found 737,000 job losses since last year in the state.

[InvestorsLive] Double Digit Unemployment Sweeps Nation | InvestorsLive: If laid-off workers who have given up looking for jobs or have settled for part-time work are included, the state’s jobless rate was 22.5 percent, according to Michigan’s Department of Energy, Labor and Economic Development. Nationwide unemployment by that measure was 16.5 percent in June, the highest on government records dating to 1994.

[News for Bank Owned Properties] National Economic Stress | News for Bank Owned Properties: California was battered by the bust of housing, while Michigan absorbed most of the crisis in the automobile industry. South Carolina has received a little of everything.

[Washington Examiner Site Feed] Unemployment tops 10 percent in 15 states in June | Washington ...: The Federal Reserve this week projected that the national unemployment rate, currently at a 26-year high of 9.5 percent, will pass 10 percent by the end of the year. Most Fed policymakers said it could take "five or six years"

[The Foundry] Morning Bell: The Obama Economy Is Great”¦For Washington, D.C. ...: Can you prove this: “Five other states, Rhode Island (12.4%), Oregon (12.2%), South Carolina (12.1%), Nevada (12%), and California (11.6%) all have either matched or surpassed their all time unemployment highs.” Do we have the records for each state in regard to its unemployment rates back to and including 1932?

[Breaking News] Cycle of rising unemployment, foreclosures and bankruptcies ...: AP analysis shows recession's impact moderatingThe recession's grip loosened slightly this spring as seasonal hiring picked up and helped offset rising bankruptcies and foreclosures, according to the Associated Press' monthly analysis of the economic pain in more than 3,100 U.S. counties. The latest results of the AP's Economic Stress Index show the free fall that marked the autumn of 2008 and winter of 2009 gave way in April to a more controlled descent, possibly even a bottom.

[ECONOMY WATCH] Dallas-Fort Worth economy watch Blog | The Dallas Morning News: Here are the 15 states with unemployment rates above 10 percent (not including the District of Columbia, which has a jobless rate of 10.9 percent): Michigan: 15.2 percent. Rhode Island: 12.4.

[Economix] Unemployment: Readers Weigh In - Economix Blog - NYTimes.com: When trying to compare historical and contemporary employment and unemployment rates, it is important to note that US employment and unemployment figures (and there are multiple official employment and unemployment figures for the same time period, just as there are multiple official rates of inflation, depending on exactly what is being looked at) are now calculated differently than they were during the 1930s and 1940s. In general, current unemployment numbers would be between 5% and 10% higher if calculated in the same way as in the past;

[Frugal Café Blog Zone] Washington DC Biggest Winner of Stimulus/Porkulus Bucks, Money ...: But FOXNews.com has analyzed data tracking how the stimulus money is being given out across the 50 states and the District of Columbia, and it has found a perverse pattern: the states hardest hit by the recession received the least money. States with higher bankruptcy, foreclosure and unemployment rates got less money.

[Fundmastery Blog] Fundmastery Blog » Blog Archive » California or Texas: Which model ...: The State of California has to be one of the most badly-run in the nation.  We have the biggest population in the country, an economy that would be one of the biggest in the world if California was a nation.  The state has tremendous natural and human resources, a great climate and a position as the main port for Pacific Rim exports and imports.  California is the home to many of the world’s leading technology companies and it is famous around the world as the Golden State. Despite all those advantages, this state is a fiscal basket case.

[US REO Properties] Economic Stress Rising with Foreclosures, Bankruptcies and ...: Of all the states, California, South Michigan and South Carolina noted the greatest amount of stress with their scores being 16, 15.9 and 15 in respective order. The housing crisis has battered California.

[Don Surber] Don Surber » Blog Archive » Another 522000 were laid off last week: WASHINGTON ”” The number of newly laid-off Americans signing up for unemployment benefits last week, and those using this safety net over a longer period, both plunged. But the government figures released Thursday were clouded by difficulties adjusting .

[Workplace Prof Blog] Workplace Prof Blog: Underemployment: I thought underemployment also includes people who loose a job and then they take a new job that pays less. Also what about us people that are forced to take a 15 to 30 percent paycut, while our employer promises that it restructuring to make more money in the future.

[Nathan J Winograd] Death in CA and other news : Nathan J Winograd: That they did not, that the County with the lowest overall unemployment rate and the lowest increase, also saw killing increase, while those with higher increases and higher rates saw killing decline indicates that “the economy” (if you use unemployment rates as a proxy) does not provide a satisfying answer. And while inland rates were admittedly the highest, there does not appear to be anything like either correlation or causation of whether killing went up or down that can be extrapolated from unemployment rate increases.

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