Sep 18, 2009 | No Comments | Sean Mills
I was in my doctor’s office the other day sitting in his waiting room before my appointment and I came across this article. Considering I have been spending a little extra time in the city where “what happens in Vegas, stays in Vegas…” (sorry couldn’t help myself), this article seemed right up my alley and [...]
I was in my doctor’s office the other day sitting in his waiting room before my appointment and I came across this article. Considering I have been spending a little extra time in the city where “what happens in Vegas, stays in Vegas…” (sorry couldn’t help myself), this article seemed right up my alley and my readers alley to boot. Funny thing to me about this article is the write up on the Realtor who is seeing a hay day for business, her twisted point of view is what got us in this current economic setting. She is telling her clients to buy a new home and dump the old one after the new home closes so the bank is left to clean up the mess. The typical “whats in it for me” attitude is on display and she is even proud to tell the staff writer she did herself. I guess this is the new world order of the US and the younger generation of BMW driving, cell phone using, ipod listening, work avoiding vultures we are raising. Stop me if I have gone too far…-Sean
Less Vegas: The Casino Town Bets on a Comeback
So Vegas has made its bet. This recession, it clearly believes, is just another business cycle. It will end, sooner rather than later, and the world will go right back to gambling on slot machines and real estate and tasting menus and double-digit corporate earnings. In fact, Wynn bet me $100, an amount I had to spend several minutes explaining to him, that the U.S.’s GDP growth will be positive by April 2011. In the meantime, he and the other people who run Vegas believe the deck will get reshuffled and new players will sit down at the table as casino owners, but the game itself won’t change. Americans, they think, will continue to get economically better off. It sounds a little hollow, especially looking at this city in the desert that creates nothing, the world’s greatest ghost town in waiting. But a lot of people have gone broke betting against the people who run Las Vegas. Besides, the Las Vegas people have no choice but to bet things will go back. They’re all in.
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Sep 18, 2009 | No Comments | Sean Mills
I thought this chart was worth looking at in a bigger view. Please remember the unemployment rates will lag behing the economy even as it struggles to get a foothold and move north of this turbulant times. where can i buy prescription drugs without a prescription The “experts” think we are headed out of [...]
I thought this chart was worth looking at in a bigger view. Please remember the unemployment rates will lag behing the economy even as it struggles to get a foothold and move north of this turbulant times. where can i buy prescription drugs without a prescription The “experts” think we are headed out of this deep recession and the consensus is we will not double dip or have a “W” shaped recession. My hopes are they are right but with no stabilization of unemployment rates, no new job creations and so much shadow inventory of defaulted/foreclosure properties out in limbo I am not convinced yet. -Sean
Sep 18, 2009 | No Comments | Sean Mills
From the BLS: Regional and State Employment and Unemployment Summary
Twenty-seven states and the District of Columbia reported over-the-month unemployment rate increases, 16 states registered rate decreases, and 7 states had no rate change, the U.S. Bureau of Labor Statistics reported today. Over the year, jobless rates increased in all 50 states and the District of [...]
From the BLS: Regional and State Employment and Unemployment Summary
Twenty-seven states and the District of Columbia reported over-the-month unemployment rate increases, 16 states registered rate decreases, and 7 states had no rate change, the U.S. Bureau of Labor Statistics reported today. Over the year, jobless rates increased in all 50 states and the District of Columbia.
…
Fourteen states and the District of Columbia reported jobless rates of at least 10.0 percent in August. Michigan continued to have the highest unemployment rate among the states, 15.2 percent. Nevada recorded the next highest rate, 13.2 percent, followed by Rhode Island, 12.8 percent, and California and Oregon, 12.2 percent each. The rates in California, Nevada, and Rhode Island set new series highs.
emphasis added
Click on graph for larger image in new window.
This graph shows the high and low unemployment rates for each state (and D.C.) since 1976. The red bar is the current unemployment rate (sorted by the current unemployment rate).
Fourteen buy prescription drugs online without prescription states and D.C. now have double digit unemployment rates.
Illinois, Indiana, and Georgia are all close.
Four states are at record unemployment rates: Rhode Island, Oregon, Nevada, and California. Several others – like Florida and Georgia – are close.
Source article.
