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Title: Unemployment rose in 43 states last month
Source:
Breitbart & AP
URL Source: http://www.breitbart.com/article.php?id=D9DCVDT80&show_article=1
Published: Jan 22, 2010
Author: Christopher S. Rugaber
Post Date: 2010-01-22 14:44:47 by Badeye
Keywords: None
Views: 11491
Comments: 49
Unemployment rose in 43 states last month Jan 22 02:05 PM US/Eastern By CHRISTOPHER S. RUGABER AP Economics Writer WASHINGTON (AP) - Unemployment rates rose in 43 states last month, the government said Friday, painting a bleak picture of the job market that illustrated nationwide data released two weeks ago. The rise in joblessness was a sharp change from November, when 36 states said their unemployment rates fell. Four states—South Carolina, Delaware, Florida and North Carolina—reported record-high jobless rates in December. New Jersey's rate, meanwhile, rose to a 33-year high of 10.1 percent while New York's reached a 26-year high of 9 percent. Analysts said the report showed the economy is recovering at too weak a pace to generate consistent job creation. "A lot of states that had started to add jobs (in November) gave up those gains in December," said Sophia Koropeckyj, managing director at Moody's Economy.com. Texas and Georgia lost more jobs in December than they had gained the previous month, she noted, while Arizona and South Carolina lost nearly as many as they had gained. That is consistent with nationwide trends. Employers shed a net total of 85,00 jobs in December, the government said earlier this month, after notching a small gain of 4,000 jobs in November. In another nationwide trend, long-suffering states like California and Michigan saw their jobless rates stabilize even as they continued to bleed jobs. That's because thousands of frustrated workers gave up hunting for work and dropped out of the labor force, which means they aren't included in the unemployment rate. California lost 38,800 jobs. But its unemployment rate was unchanged at 12.4 percent, the fifth-highest in the nation. That's because 107,000 people, or 0.6 percent of the state's workforce, gave up and stopped job-hunting. Michigan shed 15,700 jobs, but 31,000 people left the labor force. That caused the state's jobless rate to fall slightly, to 14.6 percent from 14.7 percent. Michigan has the nation's highest unemployment rate. Nationally, more than 600,000 people left the labor force in December, according to government data. The large exodus from the labor force indicates that "unemployment is a lot worse than the numbers suggest," Koropeckyj said.
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Begin Trace Mode for Comment # 45.
#1. To: All (#0)
Why the Democrats are heading to a blow out loss, and Obama heading into historical oblivion alongside Jimmy Carter is contained in the above. Its the economy, Mr Messiah...
Wasn't job creation a lagging factor during the Bush administration, both of them? How long into Reagan's administration (unemployment reached 10.8%) before job creation reduced unemployment?
How long into Reagan's administration (unemployment reached 10.8%) before job creation reduced unemployment? Bush didn't see much above 7 percent and the two tax cuts caused job creation, which my company benefitted from greatly. We opened in November of 97. Not sure about Reagan. Know it turned around quickly due to his tax cuts. Its the only proven way to stimulate job growth consistently in my view. Thats why Dems in the House are now calling for Obama to extend, not 'sunset' Bush tax cuts. It would bring venture capital back out on the table.
The Reagan recovery was delayed because the tax cuts weren't enacted immediately. The Carter recession continued into the Reagan administration, you don't turn an aircraft carrier like you turn a canoe. High interest rates continued thru much of the 80s, I remember our 401K reached for 10% rates near the end of the decade by signing up with higher risk insurance companies for fixed rate stuff. They defaulted. Took me awhile to get my very small deposit back (no one with a brain cell is heavily into fixed stuff) and even longer to get paid the $.02 cents of interest I was owed. I fixed their wagon, I didn't cash the check. It cost them far more to look for the 2 cents than it was worth to cash it. My Dad used to hate it when the corporate accounts were off by 2 cents and a whole team had to work until midnight until they found the mistake.
It was tough finding work in 81 and 82. I was working two jobs, putting my way through the police academy back then.
We had Bethlehem Steel here locally in Baltimore with tons of employees but by the '80s was on it's last leg. Can't compete when a janitor can make 50K/year with OT back in those days. I think the Chinese own the shell of what's left. I had a secure job and actually bought a house heading into the Carter recession, 14% interest! The Reagan tax cuts were delayed and so was the recovery. Stock market kicked up in Aug 82, ahead of the cuts, stock market always looks out 6-9 months. Notice how much it is down lately - Zero's legacy. He might be thrown out as an illegal alien but only if the Rats get PO'd enough to fear for their own hides. Scott Brown increased the chances of this bigtime. I feel like a damn fool, I was thinking about investing in Bendix, Intel or Motorola in Aug '82 and couldn't decide which one. All could've doubled my money by April '83.
I recall it now...what that has to do with today, two decades later, isn't clear, but whatever.
You can't get by as a company overpaying employees, someone will undercut you. The Big Steel unions held a gun to Pres Ford's head in '76 and received a too large wage increase and idiot union workplace restrictions. 50K for a janitor was more than the best engineers I worked for made in the early '80s. I had friends that were engineers at BS and they made 1/2 what some janitors made because of "rules". Guess what, the layoffs started as soon as the recession hit, Beth Steel was a huge employer and they were dropping employees and then engineers with many years on the job and keeping my younger friends. That ended just before they had enough years to qualify for a pension and were axed a couple months short. Worst part I remember the '76 steel strike and told these guys it would kill the auto industry because the Japanese didn't buy from American mills back then. Took awhile, thankfully Ford is still standing. And they actually owned their own steel plant which I think they sold.
Unions destroyed manufacturing in this nation. We can't compete when you pay somebody 77 bucks to put six bolts on a transmission, or pay janitors 50k per year...or pay for a 'job bank' and GM for union deadbeats. Thats why I so enjoyed my work late in the 80's, breaking strikes.
Was that in between jobs being a highly paid bodyguard for the Saudi's that you've also claimed to be doing in the late 80's...you know...right before you became Cincy's soul brother of the decade that spawned that absolutely frightening picture of you and those basslips that you INSISTED be posted on the web? Any way, those striking librarians were some tough cookies, eh?
Hey dumbass, "Union Workers at Big Three Automakers Average $73 an Hour"
When "averages" such as these are quoted, you also must ask: "Are these the hourly rates that people are paid...or do they include the value of what the employer has deemed the value of added-on benefits?" Many jobs that pay in the $20s or $30s (per year) might represent these salaries in much-higher figures (sometimes twice as much) when they add in benefits. Benefits are wonderful, but their value can often be subjective. There have been news stories about how some employers deduct the employee's portion of a health care plan, even when that health care provider doesn't deliver services within the state where some employees work. I think the unions have provided much...the concept of a weekend and the notion of being paid overtime. At their foundation is the concept of collective bargaining...something akin to "buying in bulk." When little people negotiate as a group, they often can end up with a better deal than if they all negotiated individually. We see this at work everyday at membership-based big box stores and with corporations that negotiate health care expenses based on the number of employees they bring to the table. There is strength in numbers. Can unions be a pain? Absolutely. Do they work in every industry? Absolutely not. But, what would the work world look like today--particularly in inherently dangerous industries--if a union wasn't looking out for the worker? For better or worse, I think unions have limited value today, but where there are dangerous businesses (mining, meat packing) and bosses focused on cutting safety corners in order to increase speed and maximize profits, unions still have role to play. They are often watchdogs of occupational standards when an OSHA representative can't be found or when a well-orchestrated OSHA event is months off.
That was a real concern....up til around 1970. It isn't today.
You make it sound as if there are no more dangerous jobs where employers and supervisors cut corners in order to speed up production. That's hardly the case. In some limited industries, I think unions still have a place.
You mean government and OSHA aren't enough?
#46. To: Ibluafartsky (#45)
Well, OSHA IS a government entity. I believe they have around 2,000 inspectors to check on job sites nationwide. That amount could make a phyllo sheet look thick. Of course, some politicians, like former Representative Cass Ballenger (R) of North Carolina, wanted to strip OSHA of its right to unannounced inspection visits (safety visits are always more accurate when bosses have a chance to tidy up beforehand). I think, on the whole, OSHA has done a good job, but its resources are limited and inspections at dangerous sites are few and far between. That leaves an incredible gap in safety and hygienic practices. Lucky for us that no company has put corporate profits and productivity above worker and consumer safety (yeah, right).
You make it sound as if there are no more dangerous jobs where employers and supervisors cut corners in order to speed up production. That's hardly the case. In some limited industries, I think unions still have a place. You mean government and OSHA aren't enough? Exactly.
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#2. To: Badeye (#1)
Its the economy, Mr Messiah...
#3. To: lucysmom (#2)
Wasn't job creation a lagging factor during the Bush administration, both of them?
#5. To: Badeye (#3)
#8. To: reaganisright (#5)
#9. To: Badeye (#8)
#10. To: reaganisright (#9)
#18. To: Badeye (#10)
I recall it now...what that has to do with today, two decades later, isn't clear, but whatever.
#21. To: reaganisright (#18)
#26. To: Badeye Fred Mertz, Brian S (#21)
(Edited)
Thats why I so enjoyed my work late in the 80's, breaking strikes.
#27. To: war (#26)
#28. To: Ibluafartsky, war, fred mertz (#27)
Union Workers at Big Three Automakers Average $73 an Hour
#38. To: Suzanne (#28)
But, what would the work world look like today--particularly in inherently dangerous industries--if a union wasn't looking out for the worker?
#43. To: Badeye (#38)
That was a real concern....up til around 1970. It isn't today.
#45. To: Suzanne, Badeye (#43)
You make it sound as if there are no more dangerous jobs where employers and supervisors cut corners in order to speed up production. That's hardly the case. In some limited industries, I think unions still have a place.
Replies to Comment # 45. You mean government and OSHA aren't enough?
#48. To: Ibluafartsky (#45)
End Trace Mode for Comment # 45.
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