Unemployment Rates

[MrToolhung]

Everyday I read the newspaper the jobless rates continue to grow and at rapid pace. About a month ago one of the auto supplier plants shut down and they were not going to pay their employees any severance which irked the union that represented the employees. The CAW(Canadian version of UAW) stormed the plant and some of the workers welded the doors shut so the company could not retrieve any of their equipment. They ended up getting a severance and the company got their stuff.

Where I live the unemployment rate is 13.7% and there is no relief in sight. What is the unemployment rate in your City?

 

[lucky8]

5%, maybe a tad more

 

[midlifebear]

José Luis Rodríguez Zapatero, head of the Socialist Worker's Party and current Prime Minister of Spain, has been remarkably candid and warned Spanish citizens to be prepared for the country to expect a somewhat level 17% of national unemployment for the rest of 2009 and most of 2010. When Mariano Rajoy, Leader of the neo conserviative Populist Party and leader of the opposition coalition in Spanish Parliament (he was also appointed Deputy Prime Minister of the Government of Spain under former Prime Minister Aznar) was asked if he could do any better if his party was in control, he surprised everyone by saying "No."

There was a bit of alarm in mid December 2008 when fourth quarter reports showed Spain suffered almost seven days of 25% unemployment. They are still trying to figure out what caused that sudden peak and equally sudden fall.

In Argentina, unemployment has fallen from a high of 25% in 2002 to about 11% in 2008.

 

[Bbucko]

It's currently 8.2% in Broward County where I live, just north of Miami.

 

[Principessa]

9.4% and rising :frown1:
Interesting thing about Georgia is that not only is the unemployment rate high, the crime rate is too. I often wonder if this is because it is damn near impossible to get public assistance in Georgia unless you have a child living with you. People get desperate and do stupid things. In 2008 Georgia was #1 in the country for bank robberies.

 

[vince]

13.6 and rising fast. That the official figure, which does not include unemployed people who are not actively seeking work. Every day I get men coming in looking for work.

* Since October 2008, jobless claim numbers have been increasing rapidly. They increased by 7.4 percent in February, with over 136,951 people looking for work, compared with the same period in 2008.
* Turkish industrial production slumped 21.3 percent in January, the sixth consecutive monthly drop. Since January, the decline has been accelerating.
* Turkey's exports are in free-fall since October. According to the Turkish Exporters Association, exports fell 35 percent year-on-year in February.
* In February, the rate of utilisation of manufacturing capacity declined by 15.5 percent compared to the same month in 2008.
* Electricity consumption in February declined 10 percent compared to the same month a year earlier.

 

[BiItalianBro]

"Officially" it is 9.0% here but most non-political experts say that when you take out the fuzzy metrics used to arrive at that number it is more like 14 or 15%. Underemployment is estimated to be around 30%.

 

[transformer_99]

It's currently 8.2% in Broward County where I live, just north of Miami.

That's what they report it at, but I think it's worse. I think for a change Miami-Dade's unemployment rate is reported lower than Broward's ? I recall 2000/2001, Miami-Dade was considerably higher than Broward, there was also a big shift in companies that I knew of leaving Miami-Dade for Sunrise/Ft. Lauderdale. At the time land & taxes were cheaper in Broward.

Florida?s unemployment rate hits 9.4% - South Florida Business Journal:

 

[transformer_99]

"Officially" it is 9.0% here but most non-political experts say that when you take out the fuzzy metrics used to arrive at that number it is more like 14 or 15%. Underemployment is estimated to be around 30%.

That's an even bigger statistic that I watch for too. As this nation moves forward and comes out of higher unemployment, even if we ever get back to the BS that Bush was selling as 4 1/2% unemployment, how much of that is the unemployed accepting being employed at a pay scale and benefits/compensation package that flat out just doesn't cut the cost of living in any area ?

Excite News - America's uninsured haven't shown collective power

Bigger than AARP ! That's scary ? Obama/Congress has no solution for either (under/unemployment & uninsured), just a new formula to express a perverted definition of a new prosperity. It's the lies our leadership has been spinning for decades now.

 

[buffyfanone]

i am not sure of the exact figure but i live in michigan...furthermore, in detroit. so it is bad. very very bad!

 

[Bbucko]

That's what they report it at, but I think it's worse. I think for a change Miami-Dade's unemployment rate is reported lower than Broward's ? I recall 2000/2001, Miami-Dade was considerably higher than Broward, there was also a big shift in companies that I knew of leaving Miami-Dade for Sunrise/Ft. Lauderdale. At the time land & taxes were cheaper in Broward.

Florida?s unemployment rate hits 9.4% - South Florida Business Journal:

I'm sure the numbers are manipulated to conform to whatever story sells best. I'm not sure how they judge underemployment, but I'd guess that it's enormous in SoFla, where everybody seems to wind up with a different job than their career up north and earnings are this terrible.

I've always said that it's a great place to spend money, but a really shitty place to try and earn any.