Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: maceng2 who wrote (73638)	5/22/2010 3:41:56 PM
From: Haim R. Branisteanu	Read Replies (1) of 74559

From this BLS data a different picture emerges related to the unemployment report - but few pay attention - we are so far from true recovery only few imagine. THe US will need to generate millions upon millions of new jobs only to recover to not so fancy situation of end of 2007 State Unemployment (Seasonally Adjusted) Michigan again recorded the highest unemployment rate among the states, 14.0 percent in April. The states with the next highest rates were Nevada, 13.7 percent; California, 12.6 percent; and Rhode Island, 12.5 percent. North Dakota continued to register the lowest jobless rate, 3.8 percent, followed by South Dakota and Nebraska, 4.7 and 5.0 percent, respectively. The rate in Nevada set a new series high. (All region, division, and state series begin in 1976.) In total, 27 states posted jobless rates significantly lower than the U.S. figure of 9.9 percent, 10 states and the District of Columbia had measurably higher rates, and 13 states had rates that were not appreciably different from that of the nation. (See tables A and 3 and chart 1.) bls.gov

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