Unemployment Sucks, If You're In the City...

Wednesday, June 02, 2010 9 Comments



Go figure, national unemployment numbers don't exactly show the suffering of urban job-seekers looking for gainful employment in places like Las Vegas and Detroit. I'd tell you all about San Francisco but frankly this place has been a ghost town since 2008, all the scared little Midwesterners running back to Mommy have sold their overpriced $500,000 condos and dropped out of the rat race. So don't trust those numbers. As always.

WSJ:

The job market in April was tougher than a year ago in hundreds of U.S. metropolitan areas, according to data the U.S. Labor Department released Wednesday.

The unemployment rate in April was higher than a year earlier in 291 of the 372 metropolitan areas covered by the Labor Department report. It was lower in 73 areas and unchanged in eight areas.

The national unemployment rate in April was 9.5%, not seasonally adjusted. But 14 areas—11 of which were in California—reported unemployment rates of at least 15%.

The Las Vegas-Paradise region of Nevada had the largest year-over-year jump in its April unemployment rate. Its jobless rate hit 14.2% in April, up 3.7 percentage points from a year ago. In addition, four other areas had year-over-year rate increases of more than three percentage points in April: Farmington, N.M.; Yuba City, Calif.; Rockford, Ill.; and Yuma, Ariz.

Elkhart-Goshen, Ind., posted the largest year-over-year decrease in the April unemployment rate, which was down 4.8 percentage points to 14.1%.

Eight areas reported jobless rates below 5%. Bismarck, N.D. had the lowest April unemployment rate at 3.6%.

Among metropolitan areas with a population of one million or more in the 2000 census, the Detroit-Warren-Livonia area of Michigan had the highest unemployment rate in April at 14.8%. That was followed by the Las Vegas-Paradise region and the Riverside-San Bernardino-Ontario, Calif. area, at 14.2%.

Viva la recovery!

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.

9 comments:

Anonymous said...

Somebody got some splaning to do...

Unemployment drops in 90 pct. of metro areas

http://www.google.com/hostednews/ap/article/ALeqM5hFAI-y1odRQ6-bT2_uc6mb51XCUwD9G39PPO0

Anonymous said...

Bad news for Chuck. There are lots of MBA's willing to work for five figures. Kinda sad seeing a middle aged man holding a sign like that.

Anonymous said...

my "wage bubble crash alert flag" remains firmly planted at Smug Bastard central. The world is NOT ending. It IS re-pricing.

Anonymous said...

my "wage bubble crash alert flag" remains firmly planted at Smug Bastard central. The world is NOT ending. It IS re-pricing.

So get ready, so get ready 'cause here I come.

(Get ready 'cause here I come) I'm on my way.
(Get ready 'cause here I come)

Anonymous said...

I like the "Bruce" character from Family Guy when he says oh nooooo... Repricing in all kinds of stuff. Baby boomer labor wages are one of the things that is repricing. It's kind of sad but then again, they should have seen it coming at the same time. The same kind of irrational (and childlike) thinking that leads them to think that their $300,000 house is going to magically morph into a $1,000,000 house in the space of a decade is what blindsides most of them.

Anonymous said...

"We will have to learn to make do with a lot less in material things," says Gary Snodgrass, a 63-year-old health-care consultant in Placerville, Calif. The financial crisis, he says, slashed his retirement savings 40% and the value of his house by about half.

oh no, says Bruce Sometime soon they should do an episode where Bruce marries his boyfriend. snicker, snicker.

Anonymous said...

now take that frown and put it on upside down wage bubble crash alert flag still flying

Anonymous said...

"Our findings don't take into account all the men and women who are available for work but haven't applied for a job in the last month," Solis said. "That's another 2.4 million Americans out there who can proudly say they wake up every day, get their kids ready for school, and then sit in their living rooms praying for the phone to ring."

Solis told reporters she is also encouraged by the vast number of citizens in every state who are willing to take jobs beneath their personal dignity and education level.

I went down where the vultures feed
I would've got deeper, but there wasn't any need
Heard the tongues of angels and the tongues of men
Wasn't any difference to me

Chilly wind sharp as a razor blade
House on fire, debts unpaid
Gonna stand at the window, gonna ask the maid
Have you seen dignity?

No but damnit I'll keep looking...