Tuesday, April 14, 2009
Economy Washington Unemployment Now At 9.2%
Posted by Eli Sanders on Tue, Apr 14, 2009 at 11:18 AM
Washington's jobless rate took its third big jump in a row last month, as employers sliced another 20,000 jobs from their payrolls.The state unemployment rate for March was 9.2 percent, up from a revised 8.3 percent in February, according to the state Employment Security Department. More than 344,000 Washingtonians reported being out of work last month — almost twice as many as did so a year ago.
The jobless rate also leaped in the Seattle metro area, to a seasonally adjusted 8.1 percent, from a revised 7.6 percent in February.
3
I wish they'd make it easier to find comparisons with previous recessions. They mention that it's much steeper -- joblessness increasing more rapidly -- but not much about what the total rates were. I think we're still quite a bit below a postwar high, but then we're not done yet, either.
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googled unemployment historical clicked on historical got a servlet showing there were higher spikes in '49 '75 and '81 check it out
http://data.bls.gov/PDQ/servlet/SurveyOu…
http://data.bls.gov/PDQ/servlet/SurveyOu…
8
Why?
Construction, Microsoft, etc.
The news about the layoffs already happened.
It takes two weeks to even START to file a claim - and that's AFTER you use up your cashed in vacation time.
Construction, Microsoft, etc.
The news about the layoffs already happened.
It takes two weeks to even START to file a claim - and that's AFTER you use up your cashed in vacation time.
9
That number will probably get better next month as many of the unemployed are rolled off out of the system. Millions of unemployed around the country will exhaust their Tier 2 (EUC) Extended Benefits in April but none of the media is even talking about it. Some Washington residents are eligible for additional State “Extended Benefits” (EB) but only if you were RECENTLY unemployed. So with so many losing their benefits in the month of April I imagine this will have a positive effect on the stated unemployment rate. Too bad none of the hundreds of billions of dollars of bailout went to the unemployed. They only extended the eligibility date to December they did not actually extend any unemployment for anyone.
11
Sounds like a perfect time for the State Democrats to cut over 10,000 jobs! Cause heaven forbid if we had an income tax or engaged in emergency deficit spending. That would be so much worse!
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