Posted on 12/17/2010 11:15:50 AM PST by FromLori
The unemployment rate rose in 21 states and Washington D.C. in November, up from the 14 states that showed increases the month before, according to government data released Friday.
Fifteen states did report decreases in jobless rates in November, while 14 states remained unchanged.
Nevada continues to have the highest rate in the country, creeping up to 14.3 percent in November from 14.2 percent in the previous month. The Nevada Department of Employment, Training and Rehabilitation said in a statement that the rate is stabilizing.
"The stabilizing unemployment rate indicates that the worst of the recession is over, said Bill Anderson, chief economist for the Nevada Department of Employment, Training and Rehabilitation, in a statement.
However, the unemployment rate will likely remain elevated well into 2011 before declining slowly over a number of years, said Anderson.
Michigan and California were tied for the the second highest unemployment rate in the country. Both states reported joblessness at 12.4 percent in November. Californias rate has been stuck at 12.4 percent since September, while Michigan saw its rate fall from 12.8 percent in the previous month.
However, the drop in Michigan wasnt because there was an increase in hiring in the state, said Rick Waclawek, director of Michigan's Bureau of Labor Market Information and Strategic Initiatives.
"The jobless rate drop was primarily due to fewer state residents in the labor force seeking jobs, he said in a statement.
(Excerpt) Read more at cnbc.com ...
I can't imagine why Americans are not vacationing and gambling in Las Vegas anymore....Hmmm
Gotta feel for the news media. They’ve run so many ‘economy-turning-the-corner’ stories immediately preceding truly bad economic news they must be developing quite a persecution complex by now.
Just call me cold hearted then because I don’t feel for them at all they should be digging for the truth and reporting it instead of doing propaganda puff pieces :)
So many people, ill informed, unprepared for the next wave.
This isn’t going to end until the actual problem is addressed. Debt is bad. MmmKay?!
We now know the burning question of when will the increase in unemployment not be touted as unexpected. The magic number is 14% unemployment.
Lets legalize 2 million more illegals so they can add to the number and Affirmative Action preference over unemployed American citizens.
A much more accurate headline IMHO.
this was the same craziness as the 30’s .
gov is not good at making anything better, just worse.
if they just stopped we would not be in this big of a mess
IMHO...these stats are more useful than anything the Feds put out...
Note the plural "years". obama's New Normal.
North Dakota Improved again. The recovery is in full swing in ND.
My youngest brother moved to N. Dakota for work he loves it there.
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