Posts filed under “Data Analysis”
This is a fascinating chart from the Bureau Labor Statistics looking at the state-by-state unemployment rates. We know the national jobless rate is down to 6.3 percent and this chart lets us see how that is distributed nationally.
At the BLS site, and you can click through the chart and see unemployment rates over the past decade or you can mouse over any state and a pop-up tells you what the state’s unemployment rate is.
The states with the highest unemployment rate are Nevada (8 percent) and Rhode Island (8.3 percent). Nevada was hit especially hard by the housing collapse and Rhode Island has been fighting a loss of manufacturing industries, fishing and tourism woes, high taxes and a state government some observers have described as corrupt. Illinois comes in third (7.9 percent) — its deficit issues and pension headaches are well known — and California is fourth (7.8 percent).
On the other end of the spectrum there are a handful of Midwestern states enjoying the benefits of a huge energy boom. Oil and natural gas have driven unemployment down to 2.6 percent in North Dakota — the lowest in the nation. Nebraska (3.6 percent), Wyoming (3.7 percent), South Dakota (3.8 percent), and Utah (3.8 percent) round out the well-employed region.
There’s no oil in Vermont, but at 3.3 percent, it has the second-lowest unemployment rate in the nation. The state’s ski areas, and leisure and hospitality industry are benefiting from the improving economies in nearby Boston and New York City.
Source: RealtyTrac via Rampage Yesterday, we directed our ire at bad automobile data. Today, its housing’s turn. I was running through my early morning sites one day last week in preparation for preparing my daily reads posting, when I saw this headline at the Washington Post: “8 in 10 Manhattan home sales are all-cash.”…Read More
This week, an e-mail landed in my inbox with the header “Unsold Cars.” Above is just a few of the thousands upon thousands of unsold cars at Sheerness, United Kingdom. Please do see this on Google Maps….type in Sheerness, United Kingdom. Look to the west coast, below River Thames next to River Medway. Left of…Read More
Source: Know More From Know More: In the graph above, the area of each rectangle corresponds to the size of each country’s economy. The width of the rectangle represents the population, while the height represents the average income in that country. Which rectangle is larger, China’s or that of the United States? According to the…Read More
The Standard & Poor’s 500 Index hit an all-time high yesterday, closing at 1,897.45. The Dow Jones Industrial Average also hit a record, ending at 16,715.44. This should be tempered by noting that the Dow is up less than 1 percent so far this year, while the S&P 500 has gained about 2.7 percent. One…Read More
@TBPInvictus here: On April 17, 2012, North Carolina Congresswoman Virginia Foxx stood before her colleagues in the House of Representatives and said (emphasis mine): Ms. FOXX. Mr. Speaker, the March employment report continues to show us that the Federal Government has not been helping to create jobs in our economy. A Wall Street Journal editorial…Read More
Lakshman Achuthan is co-founder and managing director of the Economic Cycle Research Institute (ECRI), an independent organization focused on business cycle analysis and forecasting in the tradition established by ECRI’s co-founder, Geoffrey H. Moore. ECRI maintains business cycle chronologies for 20 countries around the world other than the U.S. Lakshman is the managing editor of…Read More