The jobless rate climbed in 44 U.S. states in July, showing last month’s increase in unemployment was broad based.
Alabama and Alaska registered the worst performance, with joblessness advancing by 0.5 percentage point in each, figures from the Labor Department showed today in Washington. Payrolls grew in 31 states last month, led by California and Michigan.
Unemployment jumped to 8.3 percent in Alabama from 7.8 percent in June, and climbed to 7.7 percent in Alaska from 7.2 percent, today’s report showed. Nevada, where the rate rose to 12 percent from 11.6 percent, remained the state with the highest level of joblessness in the country.
Rhode Island, at 10.8 percent, was second, followed by California at 10.7 percent.
North Dakota had the lowest unemployment rate in the nation, even as it rose to 3 percent from 2.9 percent the prior month.
Two states, Idaho and Rhode Island, showed a drop in their unemployment rates. Joblessness was unchanged in four states.
Unemployment in New York rose to 9.1 percent, the highest since 1983, and payrolls dropped by 3,700 workers.
The jobless rate has exceeded 8 percent for 42 consecutive months, the longest stretch in the post-World War II era.
Note that three years into an alleged recovery, the unemployment is still higher than the peaks in 8 of the last 10 recessions.
National Unemployment Rate Detail
There has been no improvement in the unemployment rate in 2012.
Headline Jobs Number vs. Household Survey
Please remember the reported headline jobs number has no bearing on the unemployment rate. Rather the unemployment rate is determined by a phone survey. That's why its important to dig into the reported monthly jobs numbers.
In the last year, the civilian population rose by 3,683,000. Yet the labor force only rose by 1,655,000.
This month the Civilian Labor Force fell by 150,000.
This month, those "not" in the labor force increased by 348,000 to 88,340,000, another record high. If you are not in the labor force, you are not counted as unemployed.
In the last year, those "not" in the labor force rose by 2,027,000.
Over the course of the last year, the number of people employed rose by 2,770,000.
Participation Rate was steady at 63.8%.
There are 8,246,000 workers who are working part-time but want full-time work, an increase of 36,000
Long-Term unemployment (27 weeks and over) was 5.185 million a decline of 185,000.
Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%.
Over the past several years people have dropped out of the labor force at an astounding, almost unbelievable rate, holding the unemployment rate artificially low. Some of this was due to major revisions last month on account of the 2010 census finally factored in. However, most of it is simply economic weakness.
The key point above is those "not" in the labor force rose by over 2 million. Reasons for Artificially Low Unemployment Rate
In the past several years, millions of citizens want a job and need a job but have not looked for a job by strict BLS accounting. Searching for jobs in the want-ads or on Monster does not count. One needs to actually apply, have an interview, or send out resumes.
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