Jobless rates rise in all 372 US metro areas

topic posted Tue, June 30, 2009 - 7:27 PM by  B
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Unemployment rates rose in all the largest U.S. metropolitan areas for the fifth straight month in May.

The Labor Department said Tuesday that jobless rates in May rose from a year earlier in all 372 metropolitan area it tracks.

The unemployment rate in Kokomo, Ind., jumped to 18.8 percent, up 11.7 percentage points from a year ago, the largest increase of all metro areas. The second-highest increase occurred in Indiana's Elkhart-Goshen, where the rate rose to 17.5 percent. That's up 11.4 percentage points from a year earlier.

Both parts of Indiana have been slammed by layoffs in transportation equipment manufacturing.

The other metro areas posting large gains were: Bend, Ore., where the jobless rate rose to 15.2 percent, an increase of 8.8 percentage points; and North Carolina's Hickory-Lenoir-Morganton saw its unemployment rate rise to 15.4 percent, a gain of 8.5 percentage points.

A common thread running through most of the regions that have been hard hit is the loss of manufacturing jobs. The collapse of the housing market has especially hurt jobs at factories that produce building materials and household goods, such as carpets, flooring, appliances and furniture. In addition, the global recession has cut into demand from customers both at home and abroad for a wide range of goods.

El Centro, Calif., again posted the highest unemployment rate in the country — 26.8 percent. Unemployment there is notoriously high because of many seasonal farm workers without jobs. Following behind were: Yuma, Ariz., with a jobless rate of 23.3 percent; and Kokomo at 18.8 percent.

The U.S. unemployment rate climbed to a quarter-century high of 9.4 percent in May. Many economists predict it will rose to 9.6 percent in June. The government releases the new national employment report on Thursday.

On the metro front, the news wasn't much better when comparing jobless rates in May to April. The figures aren't seasonally adjusted, so making monthly comparisons can be more volatile.

The unemployment rates rose in 46 of the largest 49 metro areas. Two of the rates showed no change — in Denver and Minneapolis. But only one — in Buffalo-Niagara Falls — showed a decline, dipping to 8.3 percent from 8.5 percent.


rawstory.com/08/news/200...metro-areas/

The green shoots of another jobless recovery. And when more people are unemployed we will be prosperous as a nation once more.
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B
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  • I thought that the stimulas package was to create a few million jobs and that it saved a few million more. I wonder what would have happened if that did not pass and where the rate would be at today??? Does the emperor know what his subjects are up against? I guess we will be hearing that often misquote of all time; "Let them eat cake" pretty soon.

    Does any one really understand what is going on in Washington DC and if they do can they explain it to me.
  • And the very saddest part is these are not even the real unemployment numbers. If all the under-employed were added in, I bet most areas would be over 20%.
    • B
      B
      offline 120
      There is an economist that has a web site with the 'shadow' statistics. The statistics as calculated pre Clinton and with real unemployment numbers. And yes it is over 20% unemployment / underemployment.

      The Republicans pushed through a lot of tax cuts to stimulate employment in the stimulus packages. Being Washington the numbers were pure fiction unless you count maids and hookers for bankers, of which there are not millions. The other problem is that the money from the stimulus package is not even close to being spent yet so no boost to employment there.

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