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-   -   California unemployment rate climbs to 11.9 pct (http://www.clubcobra.com/forums/lounge/99108-california-unemployment-rate-climbs-11-9-pct.html)

bdeutsch 08-21-2009 01:26 PM
California unemployment rate climbs to 11.9 pct
 
Let's raise taxes....:D

Sorry, could not resist this one...promise no more.

Excaliber 08-21-2009 05:50 PM
Ouch! I hadn't heard it was that high there, wow!

jhv48 08-21-2009 06:15 PM
Just think if they counted all the unemployed illegal aliens in the State. 25%.

Dan40 08-22-2009 07:43 PM
Its very odd. 11.9 % in Ca. Mi. is 20's%, 30+% somewhere else. Our cty and the next here in Fl. both at 15%. Lee cty. Fl. at over 30%. Seems NY is in the teens too and Pa in double digits too. All the most populous states in double figures and the national average is 9.4%
But I never took any "New Math" courses so what do I know!

Ron61 08-23-2009 02:49 AM
Dan,

I am not sure about there, but here as soon as anyone draws all of their unemployment out, they are dropped from the unemployed rolls. Also unemployment in Shasta County reached almost 17% at it high point and then dropped back to the 15/16% range. Now it is creeping up again as more people lose jobs and more have drawn out their unemployment.

Ron

Dan40 08-23-2009 10:53 AM
Quote:
Originally Posted by Ron61 (Post 976927)
Dan,

I am not sure about there, but here as soon as anyone draws all of their unemployment out, they are dropped from the unemployed rolls. Also unemployment in Shasta County reached almost 17% at it high point and then dropped back to the 15/16% range. Now it is creeping up again as more people lose jobs and more have drawn out their unemployment.

Ron
Yes, "seasonally adjusted" is questionable enough. But are there "Stealth Adjustments," Too?

bdeutsch 08-23-2009 01:26 PM
Unemployment Numbers
 
As mentioned in two other posts, national and state unemployment figures are determined by the number of people actively drawing unemployment compensation. Once these benefits are consumed, people who remain without jobs are no longer tracked by these numbers (per se, there is not really an accurate way to track them any longer).

In a prior time in my life (timeframe of between 2001 - 2004), it took about 150,000 new jobs per month, just to keep up with new people entering the workforce. Not sure what that number is today. NET-NET of what I learned from this earlier time, is that government unemployment numbers generally under report the number of folks without jobs who are looking for one or who accept a part-time job but really want a full-time job.

Dan40 08-23-2009 06:08 PM
Quote:
Originally Posted by bdeutsch (Post 977058)
As mentioned in two other posts, national and state unemployment figures are determined by the number of people actively drawing unemployment compensation. Once these benefits are consumed, people who remain without jobs are no longer tracked by these numbers (per se, there is not really an accurate way to track them any longer).

In a prior time in my life (timeframe of between 2001 - 2004), it took about 150,000 new jobs per month, just to keep up with new people entering the workforce. Not sure what that number is today. NET-NET of what I learned from this earlier time, is that government unemployment numbers generally under report the number of folks without jobs who are looking for one or who accept a part-time job but really want a full-time job.

That was the most gentlemanly, mannerly, and kind way to say the Government numbers are BULLSH!T, that I have ever heard.:eek::3DSMILE::D


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