A lot of individuals lost their jobs during the worst parts of the recession. Huge cash advancements were drawn for government stimulus programs, with the idea that jobs would be created and joblessness reduced. It did not work. Joblessness has actually gotten worse overall. This past month has been the worst for a while. There were 27 states that actually had a rise in unemployment. There were 10 states with no change, and 13 states with a decrease. The recession is supposedly over, yet the economy as a whole does not appear to be improving fast enough.
unemployment over August
The last month hasn’t been great for the jobs situation. Joblessness increased over that time. There were, according to CNN, 27 states which had a rise in joblessness in August. The highest unemployment rate in the nation is in Nevada. Nevada sits at a dismal 14.4 percent unemployment. Michigan and California have joblessness rates of 13.1 and 12.4 percent, respectively. These have been the hardest-hit states throughout the recession. Automakers even got emergency loans in a bailout. It didn’t seem to add to many jobs in that region.
Census to blame
The proximate cause, according to USA Today, was the end of the 2010 Census. The Census employed 114,000 people on a short-term basis. Jobs are slowly starting to be added by private employers. Having a pay day again must come as a relief to the 67,000 new jobs added by private employers. This was not unforeseen. It was predicted that the Census concluding would add to joblessness, as there is not enough instant money to hire all the workers that were laid off back to the payrolls.
Comeback beginning
There is evidence the decline of economic activity has stopped, and thus the recession is technically over. It is difficult to think of the recession as over with joblessness high and a credit system that seems depressed.
USA Today
usatoday.com/money/economy/2010-09-21-unemployment-rate-state_N.htm
CNN
money.cnn.com/2010/09/21/news/economy/state_unemployment/index.htm
