The Facts Regarding Layoffs

Today most of the National Media (CNN,MSNBC,NBC,CBS,ABC,NPR) imply that the recession is ending by the end of the year as they pluck out numbers found in reports given out by the CBO or Bureau of Labor Statistics and other entities and not offering all of the facts, but the truth is states are still struggling to cover bloated budgets that were established during the years of 2003 through 2006 where excessive spending was the
Norm; do to the amount of revenue received through taxes. Today as we all know, most states out there are dealing with unemployment rates over the 10% mark. With government spending at a all time high borrowing most of their revenue from China and embarking on a national healthcare plan that could cost another 2 to 3 trillion dollars over the next 5 years and states like these listed below carrying employment figures of over
10% with rising taxes and states cutting programs just to stay alive. How is this economy going to recover by the end of this year or by June 2010?
Unemployment Percentages with states
ALABAMA 10.1 GEORGIA 10.1
ILLINOIS 10.3 FLORIDA 10.6
INDIANA 10.7 TENNESSEE 10.8
DIST. OF COLUMBIA 10.9 KENTUCKY 10.9
NORTH CAROLINA 11.0 OHIO 11.1
CALIFORNIA 11.6 NEVADA 12.0
SOUTH CAROLINA 12.1 OREGON 12.2
RHODE ISLAND 12.4 MICHIGAN 15.2


THE EMPLOYMENT SITUATION: JUNE 2009
Nonfarm payroll employment continued to decline in June (-467,000), and the unemployment rate was little changed at 9.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported in June 2009. Job losses were widespread across the major industry sectors, with large declines occurring in manufacturing, professional and business services, and construction.

The number of unemployed persons (14.7 million) and the unemployment rate (9.5 percent) were little changed in June. Since the start of the recession in December 2007, the number of unemployed persons has increased by 7.2 million, and the unemployment rate has risen by 4.6 percentage points.

In June, unemployment rates for the major worker groups—adult men (10.0 percent), adult women (7.6 percent), teenagers (24.0 percent), whites (8.7 percent), blacks (14.7 percent), and Hispanics (12.2 percent)—showed little change. The unemployment rate for Asians was 8.2 percent, not seasonally adjusted.

Last Summary in May 2009 looked at Employers who took 2,933 mass layoff actions in May that resulted in the separation of 312,880 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau
of Labor Statistics of the U.S. Department of Labor reported then. Each
action involved at least 50 persons from a single employer. The number
of mass layoff events in May increased by 221 from the prior month, and
the number of associated initial claims increased by 41,654. Over the
year, the number of mass layoff events increased by 1,232 and associated
initial claims increased by 132,322. Initial claims rose to its highest
level on record, while events matched the peak level from March 2009.
In May, 1,331 mass layoff events were reported in the manufacturing sector,
seasonally adjusted, resulting in 165,802 initial claims. Over the year,
manufacturing events and initial claims more than doubled.

During the 18 months from December 2007 through May 2009, the total
number of mass layoff events (seasonally adjusted) was 37,059, and the
number of initial claims (seasonally adjusted) was 3,811,307. (December
2007 was the start of a recession as designated by the National Bureau
of Economic Research.)

The national unemployment rate was 9.4 percent in May 2009, seasonally
adjusted, up from 8.9 percent the prior month and from 5.5 percent a year
earlier. In May, total nonfarm payroll employment decreased by 345,000
over the month and by 5,366,000 from a year earlier.

The Employment Situation for July 2009 is scheduled to be released on Friday, August 7 by the Bureau of Labor Statistics. Below is list of all states and where they stand with there own unemployment figures.

States rankings among the unemployed
1 NORTH DAKOTA 4.2
2 NEBRASKA 5.0
3 SOUTH DAKOTA 5.1
4 UTAH 5.7
5 WYOMING 5.9
6 IOWA 6.2
7 OKLAHOMA 6.3
8 MONTANA 6.4
9 LOUISIANA 6.8
9 NEW HAMPSHIRE 6.8
9 NEW MEXICO 6.8
12 KANSAS 7.0
13 VERMONT 7.1
14 ARKANSAS 7.2
14 VIRGINIA 7.2
16 MARYLAND 7.3
17 HAWAII 7.4
18 TEXAS 7.5
19 COLORADO 7.6
20 CONNECTICUT 8.0
21 PENNSYLVANIA 8.3
22 ALASKA 8.4
22 DELAWARE 8.4
22 IDAHO 8.4
22 MINNESOTA 8.4
26 MAINE 8.5
27 MASSACHUSETTS 8.6
28 ARIZONA 8.7
28 NEW YORK 8.7
30 MISSISSIPPI 9.0
30 WISCONSIN 9.0
32 NEW JERSEY 9.2
32 WEST VIRGINIA 9.2
34 MISSOURI 9.3
34 WASHINGTON 9.3
36 ALABAMA 10.1
36 GEORGIA 10.1
38 ILLINOIS 10.3
39 FLORIDA 10.6
40 INDIANA 10.7
41 TENNESSEE 10.8
42 DIST.OF COLUMBIA 10.9
42 KENTUCKY 10.9
44 NORTH CAROLINA 11.0
45 OHIO 11.1
46 CALIFORNIA 11.6
47 NEVADA 12.0
48 SOUTH CAROLINA 12.1
49 OREGON 12.2
50 RHODE ISLAND 12.4
51 MICHIGAN 15.2