Unemployment rate drops in 41 states, including most swing states

  • metta

    Posts: 39104

    Oct 19, 2012 9:09 PM GMT
    Unemployment rate drops in 41 states, including most swing states

    http://www.washingtonpost.com/blogs/the-fix/wp/2012/10/19/unemployment-rate-drops-in-41-states-including-most-swing-states/?wprss=rss_the-fix
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    Oct 19, 2012 9:42 PM GMT
    Does that incluse all the many Americans who have just simply given up looking for work?
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    Oct 19, 2012 10:32 PM GMT
    Interesting how that article is only giving one part of the story...

    http://money.cnn.com/2012/10/19/news/economy/state-unemployment-rates/index.html

    Unemployment falls in seven swing states

    NEW YORK (CNNMoney) -- Unemployment declined in 41 states in September, seven of which are key battlegrounds in the election. But falling unemployment rates don't necessarily point to improvement.

    Ohio, which has 18 electoral votes up for grabs, saw its unemployment rate decline to 7% in September, down from 7.2% just a month earlier. While hiring has picked up slightly in the state, unemployment is partly falling for the wrong reasons.

    Ohio added about 51,000 jobs in the last year, but more than 40,000 people also dropped out of the state's labor force.

    Florida's labor force is growing, which is an encouraging sign. More people are trying to get jobs in the state, and they're getting them. Over the last year, hiring has not only kept up -- it has grown at a rate five times faster than Florida's expanding labor force.

    Over the last year, the state has added 34,000 professional and business service jobs, 21,000 health care and social assistance jobs, and 11,000 retail jobs. That said, as one of the hardest hit states in the housing crisis, it still suffers from a loss of construction jobs.

    "These numbers today tell us two things -- we still have more work to do to grow our economy, and we are heading in the right direction.," Florida Gov. Rick Scott said in a statement.

    Nevada, which has six electoral votes, continues to have the highest unemployment rate in the country at 11.8% in September. That's an improvement from August when its rate was 12.1%, but the decline was due to a combination of both positive and negative developments. Nevada is seeing modest job growth but like Ohio, its labor force is also shrinking, and like Florida, it has yet to recover most of the construction jobs lost in the financial crisis.

    Swing states Wisconsin, Colorado, Iowa and North Carolina also had declining unemployment rates in September, while the unemployment rate remain unchanged in the battleground states of Virginia and New Hampshire.
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    Oct 20, 2012 2:21 AM GMT
    tru_blu_aussie saidDoes that incluse all the many Americans who have just simply given up looking for work?


    Your concern is illegitimate.