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Thread: Thirteen states hit record low unemployment rates

  1. #1

    Exclamation Thirteen states hit record low unemployment rates

    Unemployment rate hit record low in 13 states this year

    http://thehill.com/homenews/state-wa...ates-this-year

    BY REID WILSON - 11/17/17 01:25 PM EST 471
    Unemployment rate hit record low in 13 states this year
    © Bureau of Labor Statistics
    Thirteen states this year have seen their unemployment rates drop to the lowest levels ever recorded since the federal government began keeping track of state-level data more than four decades ago.

    Eight years after the bottom of the worst recession in modern history, the states seeing economic booms range from the bluest of the blue, like Hawaii and California, to the deepest shades of red, like Idaho and Texas.

    In October, the unemployment rates in Alabama, Hawaii, Maine, Mississippi, Tennessee, Texas and Washington all met or beat their lowest rates ever recorded by the Bureau of Labor Statistics (BLS), according to the agency’s monthly report issued Friday.

    California, Colorado, Idaho, North Dakota and Oregon also hit new lows earlier this year.

    In 2010, during the depths of the Great Recession, six states — California, Colorado, Florida, Georgia, Nevada and North Carolina — notched record-high unemployment rates. Oregon, Rhode Island and Kansas set their own record highs in 2009.

    Nationally, the unemployment rate sits at 4.1 percent, the lowest level since December 2000, when it hit 3.9 percent. Thirteen states have unemployment rates significantly below the national rate, while 15 states have rates significantly above it.

    Hawaii boasts the lowest unemployment rate in the nation, at just 2.2 percent in October, followed by North Dakota, at 2.5 percent, and Colorado, Nebraska and New Hampshire, at 2.7 percent each.

    Alaska’s unemployment rate, 7.2 percent, remains the highest in the nation, followed by the District of Columbia, at 6.6 percent, and New Mexico, at 6.1 percent.

    In the last year, Alabama’s unemployment rate has plunged the most, 2.5 percentage points, BLS reported. Tennessee’s unemployment rate has dropped 2 percentage points, from 5 percent to 3 percent. Only two states — Alaska and South Dakota — and the District of Columbia have seen their unemployment rates rise in the last 12 months.
    Another mark of a tyrant is that he likes foreigners better than citizens, and lives with them and invites them to his table; for the one are enemies, but the Others enter into no rivalry with him. - Aristotle's Politics Book 5 Part 11



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  3. #2
    #MAGA
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Crenshaw 2024!!!!

    My pronouns are he/him/his

  4. #3
    Those damn immigrants!
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
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    Liberty preserving authoritarianism.
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    Enforced internal open borders was one of the worst elements of the Constitution.

  5. #4
    https://www.bls.gov/news.release/empsit.nr0.htm



    November 3, 2017
    ...

    The labor force participation rate decreased by 0.4 percentage point to 62.7 percent in October but has shown little movement on net over the past 12 months. The employment-population ratio declined by 0.2 percentage point over the month to 60.2 percent, after increasing by 0.3 percentage point in September. The employment-population ratio is up by 0.5 percentage point over the year. (See table A-1.)

    ...

  6. #5
    Quote Originally Posted by timosman View Post
    About 10,000 a day leave the labor force to retire. That is 350,000 a year. That can reduce labor force participation. 15% of the population is over 65 years of age. To keep the labor force participation rate the same, another 350,000 a year need to enter the labor force to replace those who have retired.

    https://fivethirtyeight.com/features...e-u-s-economy/

    How much has the rate changed?




  7. #6
    Quote Originally Posted by TheCount View Post
    Those damn immigrants!
    Wages should be superheating, so yeah.

  8. #7
    Quote Originally Posted by Zippyjuan View Post
    About 10,000 a day leave the labor force to retire. That is 350,000 a year. That can reduce labor force participation. 15% of the population is over 65 years of age. To keep the labor force participation rate the same, another 350,000 a year need to enter the labor force to replace those who have retired.

    https://fivethirtyeight.com/features...e-u-s-economy/

    How much has the rate changed?



    [IMG]sJc/emraNmHWmp9weY9FmKf8RrU8p_RVtb7lcjsJc&oid=65391161 6&zx=7xe7uhky87dw[/IMG]

    Aborting millions of babies every year then insisting we need immigration because we don't have enough people. I hate liberals.

  9. #8
    I would think Alaska and S Dakota's drop would have something to do with the oil industry and Obama's stupid overregulation.
    #NashvilleStrong

    “I’m a doctor. That’s a baby.”~~~Dr. Manny Sethi



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  11. #9
    Quote Originally Posted by euphemia View Post
    I would think Alaska and S Dakota's drop would have something to do with the oil industry and Obama's stupid overregulation.
    Alaskan oil production has been in decline for 30 years now- fields undergo natural declines in productivity over time and they haven't had any significant new finds there in a while. A new one did finally go online in 2015 and there has been a slight increase in productivity.

    Last year, oil transport through the line had dropped to the lowest point since 1977, its first year of operation. Legacy fields such as Prudhoe Bay and Kuparuk continue to decline, but a newer field operated by ConocoPhillips called CD5 that went online in late 2015 has performed above expectations.

    That the downward trend reversed, at least in a minor way in 2016, was cause for some celebration at the Alyeska Pipeline Service Co., with spokesperson Michelle Egan calling it "great news." Low flows of crude make the pipeline more technically difficult and costly to run. Oil cools more rapidly, and the Slope's thick crude can gum up the line and its components.

    "Every barrel matters to us," Alyeska President Tom Barrett said in a written statement. "The more throughput, the better we can plan for the continuing safe operation of the pipeline."

    Annual declines have been the norm since the pipeline hit its peak flow of 2 million barrels a day in 1988. The only exceptions were slight year-to-year increases in 1991 and 2002, and now 2016.
    https://www.adn.com/business-economy...was-different/

    Fracking requires a high price of oil to be economically feasible - when it dropped to $50 a barrel it became less cost effective for many fields so they cut back on production but South Dakota's unemployment rate is only 3.1%- one of the lowest in the country (tied for 13th lowest). Nationally, the rate is 4.4%. Alaska has the highest unemployment rate in the country at 7.1%.
    Last edited by Zippyjuan; 11-18-2017 at 12:50 PM.

  12. #10
    LibForestPaul
    Member

    Never trust the states statisticians.
    Take a look at medicaid, and disability enrollment in these states. Let me know the findings.
    If the state says a persons is not unemployed, then he must not be unemployed. LOL

  13. #11
    Quote Originally Posted by angelatc View Post
    Wages should be superheating, so yeah.
    Somehow they aren't, which gives?

  14. #12
    Quote Originally Posted by angelatc View Post
    Aborting millions of babies every year then insisting we need immigration because we don't have enough people. I hate liberals.
    BOOM goes the dynamite.

  15. #13
    Quote Originally Posted by Zippyjuan View Post
    Fracking requires a high price of oil to be economically feasible - when it dropped to $50 a barrel it became less cost effective for many fields so they cut back on production but South Dakota's unemployment rate is only 3.1%- one of the lowest in the country (tied for 13th lowest). Nationally, the rate is 4.4%. Alaska has the highest unemployment rate in the country at 7.1%.
    Not quite.

    WTI has been stable at $45-55 a bbl. for the last few years, and production has exploded.



    This is due to new finds in Texas, the Dakotas, Montana and Wyoming.

    Reductions in regulations and decreased "prohibited areas" will increase that production, and that does not include deepwater offshore which is dead because oil is stuck at that $50 range.

  16. #14
    Hate to break the news , but 6 in 10 americans working and 3 of those 6 paying no fed tax leaves 3 in 10 to keep it propped up . Long term of course that will fail .

  17. #15
    States currently at 4.8 % or more are ( lowest to highest ) Delaware , Louisiana , New York , California , Illinois , Mississippi , New Jersey , Kentucky , Nevada , Ohio , West Virginia , New Mexico . D. C. , Alaska . I would say about a 3 to one ratio of liberal states to more conservative states .



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