Posted on 11/23/2015 8:46:37 AM PST by SeekAndFind
The US Bureau of Labor Statistics just released its monthly estimates of unemployment rates in all 50 US states and the District of Columbia, and things are looking pretty good.
The bureau noted that unemployment rates fell in 32 states and Washington, DC, went up in just three states, and stayed the same as September in 15 states. Unemployment in every state and DC was below 7%, indicating increasingly healthy labor markets across the nation.
The Bank of Tokyo-Mitsubishi's chief financial economist, Chris Rupkey, circulated an email after the report with the title "Jobs market is literally on fire in most states in the union." The email maintains that optimistic tone and suggests that the geographically broad strength of the labor market could spur the Fed to tighten monetary policy at its December meeting:
This regional breakdown is just the latest evidence that the economy has reached full employment. Coast to coast from sea to shining sea, the labor market has fully healed. At full employment the Fed can be confident that inflation will eventually move up to their 2% target ... Once again, another day, another report from Washington showing us the economy is better than many think. The state-by-state employment trend is just the evidence the Fed needs to assure them that it is time to lift rates.
Here's the map showing the unemployment rates in each state and DC:
(Excerpt) Read more at businessinsider.com ...
The author literally doesn’t know the meaning of the word “literally”. He must listen to too much Rush Limbaugh.
Right which is way labor participation rates are at the lowest since 1978. Shrink the size of the pool to inflate the “good news” numbers
Get use to this. The 0 Regime, with the willing cooperation of their Leftist media allies, are going to be lying non stop between now and election day 2016
If you take the long term unemployed statistics it goes up to 30% unemployed.
Say, since you brung it up. What is the labor participation rate? How many fewer Americans are on food stamps? How many fewer Americans are on welfare?
Take your time getting back to me. I'll be sitting right here.
Wait until the syrians start filing. It’ll go up.
Funny when Bush had better employment numbers then this Democrats, with their willing allies at “Business Insider” called it “the Worst Economy since Herbert Hoover”.
Maybe they should rename their magazine “Crony Capitalist Insider”
Lowest Labor Participation Rate in 30-40 years? Lower average salaries year over year. Lower home ownership. Most people ever on welfare/food stamps. yep . Booming.
Civilian labor force participation rate, Percent
But there are no help wanted signs for the really good jobs, those at the factories.
Oh, wait. that's not even possible. The factories were all torn down about 20 years ago. Some of their old locations are now just empty lots. Some are now dollar stores or restaurants.
The ECONOMIST has become a leftist mouthpiece that uses some traditional economics for cover. It is anti-Israel, if not actually anti-Semitic in its policy and editorial pages. I give it no credence. A headline like this one is confirmation.
That’s my personal opinion.
Oldplayer
The answer to that question will tell you the real condition of the economy.
If everyone that wanted a job stopped looking for employment and everyone quit their current jobs, we would have no one looking for work and unemployment would be 0%.
More like Up In Smoke.
I thought the headline was some sort of a clever play on words,but it is another ignorant college graduate moron.
In terms of low-paying service jobs and temporary holiday employment, this may be correct. To the “economists” at BI, apparently a job is a job whether it is a mid to high-paying career job or a low level service job. Anything to push the propaganda that this fed-induced economic “recovery” is a resounding success.
Hail Obama, Our Lord and Savior, the Messiah THE WON!
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