State Unemployment Data Darkens Jobs Picture: Many states saw significant job losses.

[Karmadillo]

http://business.theatlantic.com/2010/01/state_unemployment_data_darkens_jobs_picture.php

Jan 22 2010, 12:34 pm by Daniel Indiviglio

State Unemployment Data Darkens Jobs Picture

Today, the Bureau of Labor Statistics released December's state-by-state unemployment data. It isn't pretty. Even though the national rate was unchanged last month, most states saw their unemployment rates worsen. 43 states and the District of Columbia saw their unemployment rates increase from November to December, many significantly. This is a major change-in-direction from November's good news, when 36 states saw their unemployment rates decline. Let's consider some of the highlights.

First, the good news. There isn't much of it. Four states saw their unemployment rates decline: Oklahoma (0.5%), South Dakota (0.2%), Iowa (0.1%) and Michigan (0.1%). Yes, Michigan was one of the four best states this month when considering the direction of unemployment. Three other states had rates unchanged: California, Idaho and Minnesota.

Every other state saw its unemployment number increase, both in rate and nominal amount. The biggest losers were Louisiana and Mississippi, both seeing their rate increase by 0.8%. Five more had a 0.7% increase: Tennessee, Massachusetts, Connecticut, West Virginia and Nevada. In fact, 33 states (and DC) had their rates increase by at least 0.3%.

As far as number of lost/gained jobs, California was the best, with its unemployed workers declining by 18,300. Michigan was second best, with 11,400 fewer unemployed. It's nice to see those two states at the positive end of the spectrum.

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