Sunday, November 20, 2016

STATE JOBLESS RATE CHANGE (OCTOBER 2015 AND OCTOBER 2016)

The WSJ has an article that discussed states with rising and lowering unemployment with regard to the recent presidential election.  I found the information to be interresting regardless of the election and quote a few passages here (in italics).  You of course will want to look at the original article that include a table where you can scroll down and see your own state (information for the states comes from the Labor Department).

Unemployment rates in October ranged from a low of 2.8% in South Dakota and New Hampshire to 6.8% in Alaska.
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[There were]17 states where unemployment rose over the past 12 months
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 ... Pennsylvania ...  saw its unemployment rate rise from 4.8% in October 2015 to 5.8% in October 2016. 

There were 33 states with falling unemployment over the last year:
...states with falling unemployment, such as North Carolina  [5.6% to 4.9%] and Michigan [5,1% to 4.7%], whose rates dropped by 0.7 and 0.4 percentage points respectively over the year. ...  And Wisconsin, ...  saw its unemployment rate drop to 4.1% in October 2016 from 4.6% a year earlier. But falling unemployment doesn’t necessarily translate into good jobs or jobs for everyone. For the first time in 2016, the bulk of the U.S. labor force wa college graduates.

Results for some states:
(Click on figure to enlarge)

http://blogs.wsj.com/economics/2016/11/18/states-with-rising-unemployment-went-overwhelmingly-for-donald-trump/?mod=djemRTE_h

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