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TomCADem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-21-09 03:47 PM
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CNN - State Unemployment Shows Improvement
http://money.cnn.com/2009/08/21/news/economy/state_unemployment_report/?postversion=2009082110

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State unemployment shows improvement
A government report shows 17 states and Washington, D.C., recorded month-over-month decreases in July, more than three times the number in June.
By Catherine Clifford, CNNMoney.com staff writer
Last Updated: August 21, 2009: 10:57 AM ET

NEW YORK (CNNMoney.com) -- The number of states posting a decrease in the unemployment rate in July more than tripled from the previous month, according to a government report released Friday.

The Labor Department said 17 states and the District of Columbia reported a drop in unemployment rates in July, compared with 5 states in June.

Increases in unemployment rates were reported in 26 states, and 7 states posted no change from the previous month.

While the report showed improvement for the battered labor market, the changes in unemployment rates were very modest across the board: overall, unemployment rates didn't change much from June to July.

Only two states, Vermont, at 0.5 percentage point, and Minnesota, at 0.3 point, showed what were considered significant decreases in unemployment rates.

California lost the most jobs in July, shedding 35, 800 jobs, due to its large size. North Carolina lost 26,400 jobs, Florida lost 25,200 jobs and Illinois shed 13,000 jobs.

Compared to the same time last year, all 50 states and the District of Columbia posted higher unemployment rates, with 15 states having double-digit unemployment percentages.

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glowing Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-21-09 03:58 PM
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1. If all those people have lost their unemployment benefits, they aren't counted any longer
So perhaps, the reason the number is down is because they don't "exist" to the govt. I don't see a lot of changes in my living area. I don't see more jobs listed in the classified section. The jobs that are posting are those scam type jobs that say buy this and we will show you how to work at home. Weird stuff like that.
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uponit7771 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-21-09 04:13 PM
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2. RIGHT, that's how it works on the state level but not on the federal level with BLS UE rate
...the states actually post an improving UE rate when people fall off their roles.
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