Dr. E. G. Aksoy
Econ 1
M&W 9:40-11:05
Most States See Better Jobs
Summary: As of 5/17/2013 the job market is getting better in most of the U.S. it is not as fast as we think it could be or even as equal as we think it could happen. Forty sates saw their unemployment rates have fall in April, but it wasn’t statistically significant. The Labor Department said, “ an even better 43 states have seen their jobless rates fall over the past year”. There are three states their an unemployment rate rise in April; Louisiana, Tennessee, and North Dakota. The state again posted the nation’s lowest level of joblessness, at 3.3%.
Nevada has the highest unemployment rate but it dropped from 11.5% last year to 9.6% this year. California too, has seen a big drop in its unemployment rate, from 10.7% to 9%. Rhode Island had also drop from 9% reading since 2008 to 8.8% today.
Even as unemployment rates fall, hiring still very challenging. Nonfarm payroll increased in 30 states in April, but fell in 18 others. Texas and New York led the way with 33,100 and 25,300 new jobs; while Wisconsin and Minnesota were the only states with drops in their employment.
Comment:
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California has an 11.9% unemployment rate, and yet Moonbeam 2.0 signs bills to keep the illegal immigration magnet turned on (in-state subsidized tuition for illegals and their anchor babies) and the Cap-and-Trade scheme based on Global Warming junk science that is sure to drive oil-based energy production, manufacturing, and cement etc. making out of the state. Way to go Sacramento.
It is great to see the unemployment rate recede. Let us hope it is continuous. So many people have had their lives turned upside down. We will look forward to seeing what the January rate will come in at with great anticipation. While 2 months will not make a trend, relief in the area of unemployment is like rain to a dry desert for