Unemployment

Individual state unemployment rates are listed at end of this post.  See stimulus funds your state received.

The December 2010 national unemployment is 9.4%.

August 2010 figures show that 42.4 million people (I hesitate to say “Americans”) are now receiving food stamps. Up 1.3% from the previous month. Up 17% from a year ago and up 45% from 2 years ago. As a comparison, August 2009 saw a record 36.2 million recipients.

Not unlike other “change” in this country, the Federal Food Stamp Program has been renamed/repackaged and is now referred to as Supplemental Nutrition Assistance Program (SNAP) in an effort to “remove the stigma.” “Certain” non citizens are eligible for food stamps. Of the 112 million households nearly 20 million households receive food stamps compared to 11.7 million in 2007. Of interest see where Massachusetts food stamp money is going.

One in six people are enrolled in some form of federal aid in this country. 44% of US households have at least one person receiving some sort of federal cash benefit (or entitlement) – the highest percentage in US history.

45% of US households pay no federal income tax (39% — 5 years ago).
 

In the week ending Jan. 22, the advance figure for seasonally adjusted initial claims was 454,000, an increase of 51,000 from the previous week’s revised figure of 403,000. The 4-week moving average was 428,750, an increase of 15,750 from the previous week’s revised average of 413,000.

Nearly 10 million people receive unemployment insurance — up by four times since 2007.
 
States reported 3,783,493 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Jan. 8, an increase of 63,886 from the prior week. There were 5,348,277 claimants in the comparable week in 2010. EUC weekly claims include first, second, third, and fourth tier activity.

By years’ end, two million unemployment recipients are scheduled to lose their benefits. Congress has extended the basic 26-week program to 99 weeks eight times.

Since GM and Chrysler emerged from bankruptcy, our auto industry has added 55,000 jobs – the strongest period of job growth in more than 10 years. GM sales in China are at an all time high.

See the trend chart from civilian to government jobs.  (Unfortunately the feds haven’t published FY 2009 or 2010 yet)

Historic Unemployment by Month/Year

 

Below is the percent of unemployment by month. Notice the graph above indicates between 2008 and 2009 unemployment figures  had a huge upward trend. In fact, the graph (distributed by the feds) is misleading to view. As you can see in the actual figures below, 2008 saw numbers ranging from 4.8% to 7.4% for an annual national average of 5.8%. 2009 saw figures range from 4.9% to 10% unemployment for a final annual national average of 9.3.  

Source: Bureau of Labor Statistics

 

Average annual unemployment over last 20 years

Average annual unemployment over last 20 years

Below are current unemployment rates for states and historical highs/lows (seasonally adjusted). Neither December figures nor 2010 annual unemployment numbers have been published yet.

Current Unemployment Rate
for States and Historical Highs/Lows Seasonally Adjusted
 
  Nov. 2010p Historical High Historical Low
State Rate Date Rate Date Rate
Alabama 9.0 Dec. 1982 14.3 Apr. 2007 3.3
Alaska 8.0 June 1986 11.5 Apr. 2007 5.9
Arizona 9.4 Jan. 1983 11.6 July 2007 3.7
Arkansas 7.9 July 1983 10.1 Nov. 2000 4.0
California 12.4 Mar. 2010 12.6 Jan. 2001 4.7
Colorado 8.6 Jan. 1983 8.8 Jan. 2001 2.6
Connecticut 9.0 Jan. 1976 9.4 Oct. 2000 2.1
Delaware 8.4 Dec. 1976 9.3 Feb. 1989 2.8
District of Columbia 9.8 Jan. 2010 12.0 May 1989 4.8
Florida 12.0 Mar. 2010 12.3 May 2006 3.3
Georgia 10.1 Mar. 2010 10.5 Dec. 2000 3.3
Hawaii 6.4 Jan. 1976 9.9 Jan. 2007 2.3
Idaho 9.4 Feb. 1983 9.6 Mar. 2007 2.7
Illinois 9.6 Feb. 1983 12.9 Feb. 1999 4.2
Indiana 9.8 Jan. 1983 12.7 Apr. 1999 2.6
Iowa 6.6 Mar. 1983 8.6 Oct. 1999 2.5
Kansas 6.8 Aug. 2009 7.2 Apr. 1979 3.0
Kentucky 10.2 Jan. 1983 12.0 June 2000 4.1
Louisiana 8.2 Nov. 1986 12.8 July 2006 3.6
Maine 7.3 Jan. 1977 9.0 Jan. 2001 3.1
Maryland 7.4 Nov. 1982 8.4 Feb. 2000 3.4
Massachusetts 8.2 Jan. 1976 11.1 Oct. 2000 2.6
Michigan 12.4 Dec. 1982 16.8 Mar. 2000 3.3
Minnesota 7.1 Dec. 1982 9.1 Mar. 1999 2.5
Mississippi 9.9 Apr. 1983 13.5 Apr. 2001 4.9
Missouri 9.4 Feb. 1983 10.6 Jan. 2000 2.8
Montana 7.2 Mar. 1983 8.8 Mar. 2007 3.2
Nebraska 4.6 Feb. 1983 6.7 Feb. 1998 2.2
Nevada 14.3 Sept. 2010 14.4 Apr. 2000 3.8
New Hampshire 5.4 Sept. 1992 7.6 May 1987 2.1
New Jersey 9.2 Dec. 1976 10.7 July 2000 3.6
New Mexico 8.5 Mar. 1983 10.0 Aug. 2007 3.4
New York 8.3 Nov. 1976 10.3 Apr. 1988 4.0
North Carolina 9.7 Feb. 2010 11.2 Mar. 1999 3.1
North Dakota 3.8 Feb. 1983 6.8 July 2001 2.6
Ohio 9.8 Jan. 1983 13.9 Jan. 2001 3.8
Oklahoma 6.9 June 1983 9.2 Dec. 2000 2.8
Oregon 10.6 Jan. 1983 12.1 Feb. 1995 4.7
Pennsylvania 8.6 Mar. 1983 12.9 Mar. 2000 4.0
Rhode Island 11.6 Feb. 2010 12.7 July 1988 2.9
South Carolina 10.6 Jan. 2010 12.5 Mar. 1998 3.2
South Dakota 4.5 Feb. 1983 6.0 Mar. 2000 2.5
Tennessee 9.4 Jan. 1983 12.8 May 2000 3.9
Texas 8.2 Nov. 1986 9.3 Jan. 2001 4.2
Utah 7.5 Mar. 1983 10.0 Apr. 2007 2.5
Vermont 5.7 Jan. 1976 8.8 Apr. 2000 2.4
Virginia 6.8 Jan. 1983 7.8 Dec. 2000 2.2
Washington 9.2 Nov. 1982 12.2 May 2007 4.4
West Virginia 9.3 Mar. 1983 18.1 Apr. 2008 3.9
Wisconsin 7.6 Jan. 1983 11.5 Feb. 2000 3.0
Wyoming 6.6 Jan. 1987 9.1 Apr. 1979 2.3
Note: Data series begin in January 1976.

p = preliminary.
NOTE: Rates shown are a percentage of the labor force. Data refer to place of residence. Estimates for at least the latest five years are subject to revision early in the following calendar year. Historical highs and lows show the most recent month that a rate was recorded in the event of multiple occurrences.

Source: US Bureau of Labor Statistics

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