Unemployment crisis grips US states

[darkbeaver]

Unemployment crisis grips US states

by Tom Eley

.

World Socialist Web Site



The unemployment rate increased in 48 of 50 states and Washington, DC, in May, according to US Department of Labor statistics. For the year as a whole, the jobless rate has increased in every state, and in eight states it is now at its highest level since 1976, when monthly state-level statistics were first issued by the federal government. The national jobless rate in May rose to 9.4 percent.
The state of Michigan again had both the highest unemployment rate in the nation at 14.1 percent, and its biggest monthly increase, up 1.3 percentage points from 12.9 percent in April. Michigan, Indiana, and Ohio have been devastated by the shutdown of auto plants and their suppliers, orchestrated by President Barack Obama's Auto Task Force. In Ohio, unemployment increased to 10.8 percent, and in Indiana it rose to 10.6 percent. The Midwest as a whole had an unemployment rate of 9.8 percent. Kentucky, whose economy is also tied to the auto industry, saw its unemployment rate increase to 10.6 percent.
California, the nation's most populous state with about 37 million residents, lost the largest number of jobs, and its unemployment rate rose to 11.5 percent, the highest level on record and an enormous increase over May 2008, when the rate stood a

db They say you can double the official numbers to get the real stats.db

 

[petros]

Right on.

 

[darkbeaver]

Just in time for the war. Lots of hungry gun toters to feed the cannons what. Just like the good old bad days.

 

[petros]

It's not war that bugs me it's the post war changes that always follow.

 

[darkbeaver]

Post war eh? I read the war will be many decades in duration. Full spectrum domination or death, the bankers will bleed the planet down to numbers and types that can be safely managed.

 

[DurkaDurka]

Post war eh? I read the war will be many decades in duration. Full spectrum domination or death, the bankers will bleed the planet down to numbers and types that can be safely managed.

Less opportunity for profit with fewer consumers, no?

 

[darkbeaver]

Less opportunity for profit with fewer consumers, no?

This is true but that's what happens when you milk the guts out of a herd.

 

[MrRight]

Post war eh? I read the war will be many decades in duration. Full spectrum domination or death, the bankers will bleed the planet down to numbers and types that can be safely managed.

Post War? The war has to end, and until they are fully out of Iraq, and mostly out of the middle east, war will a) always be on or b) become cold, but everyone is still on edge. You need no war to be in post war.