It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Jobless rates rise in all US metro areas in May

page: 1
1

log in

join
share:

posted on Jun, 30 2009 @ 10:36 AM
link   

Unemployment rates rose in all the largest U.S. metropolitan areas for the fifth straight month in May.

The Labor Department says jobless rates in May rose from a year earlier in all 372 metropolitan area it tracks.

The unemployment rate in Kokomo, Ind., jumped to 18.8 percent, up 11.7 percentage points from a year ago, the largest increase of all metro areas. The second-highest jump occurred in Indiana's Elkhart-Goshen. Its rate jumped to 17.5 percent, up 11.4 percentage points from a year earlier. Both areas have been slammed by layoffs in transportation equipment manufacturing.

is.gd...

well jeez the figures are way above what the Gov. has been saying the numbers would be, go figure





posted on Jun, 30 2009 @ 10:52 AM
link   
I kinda have that Bachman Turner Overdrive song in my head, you know the one where they sing " you aint seen nothing yet, bubuh buh-baby you just aint seen nothing yet."



posted on Jun, 30 2009 @ 11:22 AM
link   
reply to post by warrenb
 

Well of course, the government bailed their A***** out with absolutely no stipulations on workforce, so they're shipping those jobs to overseas workers, too. Lovely what the government has done for the working class, don't ya think?



posted on Jun, 30 2009 @ 11:37 AM
link   
But don't forget about all of the green shoots... and income "surged" this month



posted on Jun, 30 2009 @ 12:16 PM
link   
reply to post by Sundancer
 


IDK what this is?

May need some clarification on green shoots and income surge maybe an article?



posted on Jun, 30 2009 @ 01:57 PM
link   
reply to post by warrenb
 

Keep in mind you are quoting the U3 lesser rate, the U6 rate that
counts long term unemployed, part time workers, or under employed
ppl working at menial jobs just to survive even thou they are educated
for a job at a higher level.

The U6 has passed 16% and is forecast to break 20% by years end.

U6 labor stats from BLS

Excerpt:

U-6 Total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers
Mar 2009 - 15.6%
Apr 2009 - 15.8%
May 2009 - 16.4%

I think the trend is pretty obvious.

This coupled with the predicted banking holiday in under 4 months,
we are in for a very rough fall.

Good Luck to you all !



posted on Jun, 30 2009 @ 01:58 PM
link   
America doesn't have a valid manufacturing base anymore - what is going to drive a recovery, regardless of 'stimulus'?

While domestic spending is cut due to losses in equity, increased prices of commodities and imports - what is going to spark a job recovery?

Nothing and more nothing.



posted on Jun, 30 2009 @ 02:17 PM
link   
The reason the USA is plummeting into downfall is because of its normal citizens. Never content with current payrates and always wanting more they have driven the manufacturing industry pretty much out of their country. Therefore hundreds of thousands of Americans are now looking for jobs that are well above their standards just to have that new gadget or another car.

The samething is happening in my home country, Britain, and it's a shame. Ordinary people shouldn't be in offices they should be in factories driving their country forward into affluency.



posted on Jun, 30 2009 @ 02:26 PM
link   

Originally posted by Amagnon
America doesn't have a valid manufacturing base anymore - what is going to drive a recovery, regardless of 'stimulus'?

While domestic spending is cut due to losses in equity, increased prices of commodities and imports - what is going to spark a job recovery?

Nothing and more nothing.


It is a game of smoke and mirrors, hiding what they have done
and distracting the masses with shiny baubles and false hope.

Most US industry is offshoring, or importing 63 different types
of Visa workers to displace US workers, and illegals numbering
in the 10's of millions.

It has been going on for many years, but the Endgame is near.



new topics

top topics



 
1

log in

join