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Direxion Daily Financial Bear 3X Shares Message Board

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  • quailrunrd quailrunrd Aug 7, 2009 12:51 PM Flag

    Could SOMEBODY break down these BS Job numbers!?

    California, with 12% of US population reports an unemployment rate of more than 11%:

    "But as the recession continues, about 80,000 Californians and 540,000 people nationwide will run out of benefits by the end of September, with the clock running out on an additional million by the end of the year, according to the National Employment Law Project. The organization wants Congress to provide 10 more weeks of benefits for unemployed workers in all states and 20 weeks for those in states such as California with jobless rates above 11%." http://www.latimes.com/la-fi-unemployment8-2009aug08-trb,0,1623441.story

    Nevada, Michigan, Florida, Oregon and a number of other states report unemployment rates in excess of 10%. With today's report of nationally improving unemplyment rate, then some states must be realizing incredibly strong new employment growth even though states continue reporting new weekly unemployment claims adding up to more than 2 million a month. Would somebody please tell us where these prosperous states are dramatically increasing their employment rolls?

    And some people actually believe these monthly unemplyment reports??????

 
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