Friday, June 19, 2009

Florida Unemployment Jumps To 10.2% for May 2009.

The Labor Department reported Friday that 48 states and the District of Columbia saw employment conditions deteriorate last month. Florida’s unemployment rate rose again in May.

The seasonally adjusted rate for May is 10.2 percent. That translates to 943,000 unemployed out of a labor force of 9.2 million, according to the Florida Agency for Workforce Innovation.

Nationwide, the unemployment rate is 9.4 percent.

The state’s unemployment rate is up 4.4 percentage points from the same period a year ago. The last time the rate was higher was October 1975, when it was 11 percent.

State by State May 2009 top unemployment:
  • Michigan -- 14.1%
  • Oregon -- 12.4%
  • Rhode Island -- 12.1&
  • South Carolina -- 12.1%
  • California -- 11.5%
  • Nevada -- 11.3%
Nationwide May unemployment by the new accounting way was 9.4%. By the old accounting way, 15.8%. The old way is counting all people unemployed, what is old about that? Nothing, the new way just lowers the numbers for the sheep.

Source here, it's a really a purposely confused article, designed to obfuscate and hide the facts, which are dismal at best.

No comments: