August State by State Unemployment Rates (Recession Peak Rates, too)

[mshan]

http://www.calculatedriskblog.com/2012/09/state-unemployment-rates-increased-in.html

http://news.yahoo.com/unemployment-rates-rise-half-us-states-143515602--finance.html






August National BLS Jobs Report:

- by education level attained: http://www.bls.gov/web/empsit/cpseea05.htm

- by race / sex: http://www.bls.gov/cps/cpsaat07.htm

(During his last Q & A session, Fed Chairman Ben Bernake said there has been a secular decline in labor participation rate for quite some time, driven by 1) aging demographics, 2) participation rate of women has flattened out for some time now, and 3) I think he said college students aren't taking temporary jobs like they used to in past) He said there was a cyclical downturn in participation rate on top of that, but general trend has been from upper right to lower left for quite some time now. IIRC, new census data got incorporated much earlier this year, when jobs reports were coming in very strong, and Rick Santelli on CNBC was first trying to talk down the numbers, vs. even making slightest hint about a possibly skewed seasonal adjustment factor:

http://ftalphaville.ft.com/blog/2012/07/06/1074731/seasonality-and-jobs-one-more-time/






Census Report suggests Economy has Bottomed:

"New 2011 census data being released Thursday offer glimmers of hope in an economic recovery that technically began in mid-2009. The annual survey, supplemented with unpublished government figures as of March 2012, covers a year in which unemployment fell modestly from 9.6 percent to 8.9 percent.

Not all is well. The jobless rate remains high at 8.1 percent. Home ownership dropped for a fifth straight year to 64.6 percent, the lowest in more than a decade, hurt by more stringent financing rules and a shift to renting. More Americans than ever are turning to food stamps, while residents in housing that is considered "crowded" held steady at 1 percent, tied for the highest since 2003.

Taken as a whole, however, analysts say the latest census data provide wide-ranging evidence of a stabilizing U.S. economy. Coming five years after the housing bust, such a leveling off would mark an end to the longest and most pernicious economic decline since World War II.

"We may be seeing the beginning of the American family's recovery from the Great Recession," said Andrew Cherlin, a professor of sociology and public policy at Johns Hopkins University. He pointed in particular to the upswing in mobility and to young men moving out of their parents' homes, both signs that more young adults were testing out job prospects."


http://news.yahoo.com/us-economy-bottomed-census-suggests-yes-025320011.html

http://finance.yahoo.com/news/export-surge-could-help-u-103654781.html & http://seekingalpha.com/article/814022-could-china-be-rebalancing-growth-to-the-wrong-consumer