Weak Demand for Companies’ Core Products and Services Contributes to Slow Jobs Growth
Category Archives: Unemployment
Below is the A12 chart from the Bureau of Labor Statistics. This chart gives the full unemployment picture of what is going on in the United States. These numbers cover a lot of varying categories and are often referred to but not always shown in full.
Unfortunately at this point it is still not a pretty picture, I do not expect to see any decrease in these numbers until the first half of 2010. That said, I.T. and Manufacturing are two burgeoning sectors of growth albeit they are not wide spread across every state. We are beginning to build toward hiring trends that will go beyond state borders, once that begins there will definitely be more companies willing to put both feet in and start hiring again.
Click Picture to enlarge.
July unemployment rates exceeded 10% in 15 states, the U.S. Bureau of Labor Statistics reported Friday. Michigan reported the highest jobless rate among all states in July at 15.0%. Other states with unemployment rates of more than 10.0% were Rhode Island, 12.7%; Nevada,12.5%; California and Oregon, 11.9% each; South Carolina, 11.8%; Ohio, 11.2%; North Carolina, 11.0%; Kentucky, 11.0%; Tennessee, 10.7%; Florida, 10.7%; Indiana, 10.6%; Illinois, 10.4%; Georgia, 10.3%; and Alabama,10.2%.
North Dakota registered the lowest unemployment rate among all states in July at 4.2%.
Jobless rates rose year over year in all 50 states and the District of Columbia in July.
The number of U.S. mass layoffs rose 40.5% in July compared with the same month last year, and the initial claims for unemployment insurance related to mass layoffs rose 35.6%, the U.S. Bureau of Labor Statistics reported today.
In July, there were 2,157 mass layoff actions compared with 1,535 in July 2007. There were 206,791 associated initial claims for unemployment insurance in July compared with 152,499 in the same month last year.
The industry with the largest number of initial claims for unemployment benefits from mass layoffs in July was elementary and secondary schools with 20,769 initial claims. Temporary help services was next with 20,377 initial claims.
A mass layoff action involves at least 50 workers from a single workplace.
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Below is the A12 chart from the BLS (Bureau of Labor Statistics) for July 2009. The A12 is the most complete picture of what is going in the work force to date. It is often referred to but rarely shown in its entirety. While they do not break it down by individual state this way, the trends per state typically are represented very well by the overall picture.
As you will notice when looking at the chart, you will need to click on it to read it – unless you have some freaky super eyesight thing going on.
Click on picture to enlarge.