The unemployment rate is falling

[Pirate Smile]

Source: CNN

NEW YORK (CNNMoney.com) -- The balance has shifted: More states reported declining unemployment in November than posted increases, according to a government report released Friday.

The national unemployment rate improved to 10% last month as joblessness fell in 36 states and the District of Columbia, according to the Labor Department's survey on state unemployment. The rate rose in eight states and held steady in six.

In October, 29 states and the District of Columbia posted month-over-month increases in unemployment. And the national unemployment rate hit 10.2%

Michigan remained the state with the highest unemployment at 14.7%. This is the 12th straight month that the state ravaged by the collapse of the auto industry has posted an unemployment rate above 10%.

Rhode Island had the next highest rate at 12.7%, followed by California, Nevada and South Carolina, each at 12.3%.

North Dakota continued to post the lowest unemployment rate, showing 4.1% in November. It was followed by Nebraska, at 4.5% and South Dakota, at 5.0%.



Read more: http://url4.eu/xG9o

[hobbit709]

1. Sure. Don't count the ones no longer getting unemployment

[Craftsman]

2. Or the underemployed

This is so much BS I can put in on my garden.

[OhioChick]

11. Exactly. n/t

[chandler2]

3. Worthless & Misleading stats

What most people care about is finding/getting/having good-paying jobs. The cited stats probably just mean that more
people have resigned themselves to the point of having to accept a low-wage job just to put food on their family.

[Robb]

4. When you cut a pig's throat, at some point it stops bleeding.

It's not because the pig got better.

[HughMoran]

19. Nice

Very pleasant way to make an argument.

You'd think you were against unemployment going down.

[Robb]

23. Only an idiot would think that, actually.

:hi:

[HughMoran]

24. See, I made an comment without the ad hominem

fail

[Robb]

26. It's actually called "poisoning the well"

Ad hominem is something else. Everyone knows that. :hi:

[HughMoran]

27. Everyone knows

that playing childrens games is best left to children.

[Robb]

28. In the words of Will Rogers

"When you find yourself in a hole, stop digging." :)

[HughMoran]

29. If you could only take your own advice

Anyway, I'm done with the likes of you.

[Robb]

31. Ah, tu quoque fallacy.

Nice. :D

[HughMoran]

30. .

oops

[HughMoran]

25. I like the way you talk, boy

[madmx19790]

33. that's a good one

[Mari333]

5. I am now at the point where I may have to use some of my retirement

to help my son and his wife. she works, thank god, 6 days a week as a chef, but their house is now worth less then what they are paying for it, and they cannot move, and we MADE him leave the national guard, thank god, because of these damned wars. otherwise he was getting paid. Now he isnt. He has tons of college with no job prospects in MI where they live.

They are thinking of leaving the state.

46000 people have left MI

There goes my grandson, and my kids if they leave.

I hate this. and I had hoped it would get better.
but the corporations are still outsourcing and getting away with bloody murder.

[tonysam]

9. Nevada's unemployment rate is going down, but it doesn't mean one thing.

link


Observers credit recent declines in joblessness to a smaller work force. Nearly 35,000 Nevadans abandoned the state's labor pool in October and November, either giving up the job hunt or leaving the state, and that makes for a smaller share of residents considered unemployed.

Bill Anderson, chief economist for the employment department, called the dwindling labor force a "troubling trend." A decline in unemployment often indicates that a recession is subsiding, but that's not the case here once you look more closely at the data, Anderson said.

You might not think it matters why unemployment drops, just as long as it does. But when joblessness falls because of work-force shrinkage rather than job growth, the trend poses serious implications for the state, said Brian Gordon, a principal in local research firm Applied Analysis. When residents decamp for other states, Nevada's left with fewer taxpayers to bolster an ailing fiscal outlook. And people who quit looking for jobs and drop out of the work force are likely to be on long-term public assistance, which further depletes state and local resources.

Out-migration also affects the housing market, putting more homes on the market with fewer prospective buyers, though that dynamic benefits bargain hunters looking for deals, Gordon noted.
_____

People are leaving the state in DROVES, and it isn't because they have found work in other states. They are more likely trying to FIND work in other states or else moving close to family members.

[katkat]

20. HP

A friend who works for HP says they are shipping another bunch of jobs overseas in the coming year, even though the company is making a tidy profit. No more HP products for me, I'll keep buying old ones on ebay when mine belly up.

[dana_b]

37. see my post #36

the friend I talk about lost her job at HP (thanks Carly!!) and she had to go to Costa Rica to train the two non-English speaking people who were taking over her job before my friend left.

[dana_b]

36. I'm so sorry, mari

it's everywhere and although some are starting to come back, others are still hurting badly.

My firend has been out of work for over a year an has comletely depleted her savings, retirement everything. She now has to move back to Florida to live with her folks who are in their eighties!! God, I can't imagine how painful this is for her but I'm trying to.

Good luck to you and your son's family. I really hope things do come back and the sooner the better!!

[lurknomore]

6. Hoping

the trend will continue !

[The_Commonist]

8. You might want to...

...go back to lurking!

[Pirate Smile]

15. Welcome and it is sad around here when potential good news is used to give people a hard time.

It's bizarre.

I'm glad you decided to jump in.:hi:

[CJCRANE]

39. What was that joke...

something like: if Obama said "good morning" the Republicans would dispute it.

It's getting to be like that on DU. It's Karl Rove's dream come true.

[madmom]

7. Don't forget the temporary employment for the holidays.

[quiller4]

21. The stats are seasonly adjusted to account for the holiday boost.

[Techn0Girl]

10. Unemployment Dropping During the holiday retail season is not unexpected...

Lots of temporary workers get hired during this season. I would like to see the mid and end January figures to get a better idea of what's happening.

[drm604]

12. How much of that is due to people taking jobs below their previous employment?

Granted, I'm just one data point, but my current "employment" is barely enough to meet my bills and has no benefits. It allows me to barely tread water. It's nothing at all like my previous IT work.

[reformist]

13. With 500,000 first-time claims per week...

...almost double the layoff rate seen in good times, it's pretty hard to imagine how the real unemployment rate is going down. You'd have to have a hiring rate of more than 500,000 per week for that to happen.

[Libertas1776]

14. Not for me, it isn't.

:(

[eilen]

16. Us neither.

I've been hired but my job has been lagged a month so I can't file unemployment as I quit my previous job for this one but my new job postpone my orientation date until Jan. My husband doesn't even have that to look forward to. He was laid off the second week of September, used up a previous unemployment claim and now, after filing in NY, his wages are held up by another state -- for at least 6 weeks. He filed in early November, and sent in copies of all his paystubs and tax forms but still, they say he has to wait for his NY unemployment check. I sure wish they would come up with some work for him. The union hall has had nothing for the past 4 days.

[tonysam]

17. Fewer states add jobs as recovery sputters along

WASHINGTON (AP) - In a reversal of earlier gains, more states lost jobs than added them in November, signaling that hiring is occurring only sporadically around the country.

Unemployment rates dropped in 36 states and the District of Columbia, but that trend appeared to reflect more people leaving the work force. Unemployed people who stop looking for jobs out of frustration aren't counted in the labor force.

Friday's Labor Department report underscored that employers have yet to ramp up hiring, and many Americans can't find work. The number of people jobless for at least six months rose last month to 5.9 million, according to a separate report released earlier this month. And the average length of unemployment exceeds 28 weeks, the longest on records dating to 1948.

It was the first time since April that more states' unemployment rates fell than rose. But two states, South Carolina and Florida, saw joblessness reach its highest point in 25 years. And economists say most states' unemployment rates will rise as the stimulus programs wind down and seasonal jobs taper off.

More

"Unemployment is falling" is a bunch of horseshit if jobs aren't being created to any extent.

[XemaSab]

18. Why such a high unemployment in

Rhode Island? :shrug:

[katkat]

22. Rhode Island

Untrained idiot work force.

Bad environment in general since the state government is packed with crooks who are incompetent to boot. State finances collapsing due to hugely generous benefits to unionized state workers, including long term staggering debt for early retirement benefits.

Manufacturing, textiles, etc. was a big thing in the past. That's pretty much vanished.

[invader zim]

32. too little, too late...

the 31st is my last day. 22 1/2 years with the same company. Reduction of force has a nice sanitary sound to it, doesn't it.

[Garam_Masala]

34. When your UNemployment benefit checks stop, you are no longer counted

as unemployed. The bureaucracy then assumes you have found a job!

How about publishing the TOTAL number employed instead?
It is much more realistic gauge of state of employment.

[DebbieCDC]

35. Wait till all those X-mas temp jobs are gone after Jan. 1

[WinterParkDonkey]

38. My brother called me yesterday - he is back at work!

I live in Winter Park, Florida and my brother lives in Winter Springs, Florida (both are near Orlando). He is a plumber and pipefitter and had a great job. Last year he bought a home. Anyway in early October he got laid off. He called me yesterday and has found a job -- a little less pay but he is extremely happy. The recession has hit Florida like another hurricane.

[totodeinhere]

40. But of course the real unemployment rate is much higher than that.

Probably more like 20%.

[tonysam]

41. Article linked upthread noted this "good news" is a chimera

Few jobs are being created at all for the massive number of unemployed people.