Unemployment Rates in the United States of America and two States with the lowest unemployment
The United States of America unemployment status rate has not changed very much from 8.2 percent according to the U.S.
Bureau of Labor Statistics on June 2012 but it has gradually risen in the
past 8 years, the number of unemployed people are (12.7 million).
Based
on the argues in media, the United States of America may face greater
unemployment if more jobs are not added by the USA industries, factories
and all other private enterprise sectors who have economical influences
within the United States and overseas.
I
believe that there is relatively not enough research about
unemployment within the United States of America. It seems that changes
in the flow of laborers have caused by a cyclical shock and as well as
the unemployment rate affected by the mutual interaction of movements
unique to each demographic property. Following is a chart of data
extracted on July 2012 by the labor force statistics from the current
population survey. There are many factors that contribute to
unemployment of Virginia state for instance, recession, inflation, rapid
changes in technology, lack of employment. All the above factors can be
categorized to cyclical unemployment and structural unemployment.
Series Id: LNS14000000
Seasonally
Adjusted
Series title: (Seas) Unemployment
Rate
Labor force status: Unemployment rate
Type of data: Percent or rate
Age:16 years and over
| |||||||||||||
Year
|
Jan
|
Feb
|
Mar
|
Apr
|
May
|
Jun
|
Jul
|
Aug
|
Sep
|
Oct
|
Nov
|
Dec
|
Annual
|
2002
|
5.7
|
5.7
|
5.7
|
5.9
|
5.8
|
5.8
|
5.8
|
5.7
|
5.7
|
5.7
|
5.9
|
6.0
| |
2003
|
5.8
|
5.9
|
5.9
|
6.0
|
6.1
|
6.3
|
6.2
|
6.1
|
6.1
|
6.0
|
5.8
|
5.7
| |
2004
|
5.7
|
5.6
|
5.8
|
5.6
|
5.6
|
5.6
|
5.5
|
5.4
|
5.4
|
5.5
|
5.4
|
5.4
| |
2005
|
5.3
|
5.4
|
5.2
|
5.2
|
5.1
|
5.0
|
5.0
|
4.9
|
5.0
|
5.0
|
5.0
|
4.9
| |
2006
|
4.7
|
4.8
|
4.7
|
4.7
|
4.6
|
4.6
|
4.7
|
4.7
|
4.5
|
4.4
|
4.5
|
4.4
| |
2007
|
4.6
|
4.5
|
4.4
|
4.5
|
4.4
|
4.6
|
4.7
|
4.6
|
4.7
|
4.7
|
4.7
|
5.0
| |
2008
|
5.0
|
4.9
|
5.1
|
5.0
|
5.4
|
5.6
|
5.8
|
6.1
|
6.1
|
6.5
|
6.8
|
7.3
| |
2009
|
7.8
|
8.3
|
8.7
|
8.9
|
9.4
|
9.5
|
9.5
|
9.6
|
9.8
|
10.0
|
9.9
|
9.9
| |
2010
|
9.7
|
9.8
|
9.8
|
9.9
|
9.6
|
9.4
|
9.5
|
9.6
|
9.5
|
9.5
|
9.8
|
9.4
| |
2011
|
9.1
|
9.0
|
8.9
|
9.0
|
9.0
|
9.1
|
9.1
|
9.1
|
9.0
|
8.9
|
8.7
|
8.5
| |
2012
|
8.3
|
8.3
|
8.2
|
8.1
|
8.2
| ||||||||
("Economic news releases," )
HOUSEHOLD DATA
Table A-12. Unemployed persons by duration of unemployment
[Numbers in thousands]
| ||||||||||
Duration
|
Not seasonally adjusted
|
Seasonally adjusted
| ||||||||
June
2011 |
May
2012 |
June
2012 |
June
2011 |
Feb.
2012 |
Mar.
2012 |
Apr.
2012 |
May
2012 |
June
2012 | ||
NUMBER OF UNEMPLOYED
| ||||||||||
Less than 5 weeks
|
3,808
|
2,572
|
3,627
|
3,068
|
2,541
|
2,572
|
2,543
|
2,580
|
2,810
| |
5 to 14 weeks
|
2,698
|
2,442
|
2,546
|
2,976
|
2,807
|
2,754
|
2,814
|
3,002
|
2,826
| |
15 weeks and over
|
7,903
|
7,257
|
7,010
|
8,137
|
7,397
|
7,175
|
6,984
|
7,073
|
7,182
| |
15 to 26 weeks
|
1,845
|
1,852
|
1,793
|
1,874
|
1,971
|
1,867
|
1,884
|
1,662
|
1,811
| |
27 weeks and over
|
6,058
|
5,405
|
5,217
|
6,263
|
5,426
|
5,308
|
5,101
|
5,411
|
5,370
| |
38.0
|
41.4
|
38.2
|
39.8
|
40.0
|
39.4
|
39.1
|
39.7
|
39.9
| ||
Median duration, in weeks
|
19.3
|
22.0
|
17.4
|
22.1
|
20.3
|
19.9
|
19.4
|
20.1
|
19.8
| |
PERCENT DISTRIBUTION
| ||||||||||
Less than 5 weeks
|
26.4
|
21.0
|
27.5
|
21.6
|
19.9
|
20.6
|
20.6
|
20.4
|
21.9
| |
5 to 14 weeks
|
18.7
|
19.9
|
19.3
|
21.0
|
22.0
|
22.0
|
22.8
|
23.7
|
22.0
| |
15 weeks and over
|
54.8
|
59.1
|
53.2
|
57.4
|
58.0
|
57.4
|
56.6
|
55.9
|
56.0
| |
15 to 26 weeks
|
12.8
|
15.1
|
13.6
|
13.2
|
15.5
|
14.9
|
15.3
|
13.1
|
14.1
| |
27 weeks and over
|
42.0
|
44.0
|
39.6
|
44.2
|
42.6
|
42.5
|
41.3
|
42.8
|
41.9
| |
Footnotes
(1) Beginning in January 2011, this series reflects a change to the collection of data on unemployment duration. For more information, see www.bls.gov/cps/duration.htm.("Economic news releases," ) | ||||||||||
NOTE: Updated population controls are introduced annually with the release of January data.("Economic news releases," )
| ||||||||||
("Economic news releases," )
Virginia Unemployment
According
to the BLS current population survey (CPS), the unemployment rate for
Virginia fell 0.0 percentage points in May 2012 to 5.6%. The state
unemployment rate was 2.6 percentage points lower than the national rate
for the month. The unemployment rate in Virginia peaked in January 2010
at 7.3% and is now 1.7 percentage points lower. From a post peak low of
5.6% in March 2012, the unemployment rate has now grown by 0.0
percentage points. You can also see Virginia unemployment compared to
other states. ("Economic news releases," )
Unemployment Rate
|
May 2012
|
Month/Month
|
Year/Year
|
National
|
8.2%
|
+0.1
|
-0.8
|
Virginia
|
5.6%
|
0.0
|
-0.6
|
Unemployment Rate: Virginia, National
Virginia Unemployed
The
number of people unemployed in Virginia peaked in February 2010 at
307,130. There are now 65,268 fewer people unemployed in the state. From
a recent trough of 241,571 in April 2012, the number of unemployed has
now grown by 291. Virginia job growth data is also available. ("Economic news releases," )
Unemployed Persons
|
May 2012
|
Month/Month
|
Year/Year
|
Virginia
|
241,862
|
+291
|
-24,353
|
Number of Unemployed Persons
Virginia Unemployment History
Date
|
National
s Unemployment Rate
|
Virginia
s Unemployment Rate
|
Virginia
s Unemployed
|
May 2012
|
8.2%
|
5.6%
|
241,862
|
April 2012
|
8.1%
|
5.6%
|
241,571
|
March 2012
|
8.2%
|
5.6%
|
244,799
|
February 2012
|
8.3%
|
5.7%
|
249,620
|
January 2012
|
8.3%
|
5.8%
|
253,548
|
December 2011
|
8.5%
|
6.1%
|
263,722
|
November 2011
|
8.7%
|
6.2%
|
267,090
|
October 2011
|
8.9%
|
6.2%
|
270,318
|
September 2011
|
9.0%
|
6.3%
|
273,073
|
August 2011
|
9.1%
|
6.4%
|
274,390
|
July 2011
|
9.1%
|
6.4%
|
273,286
|
June 2011
|
9.1%
|
6.3%
|
270,017
|
May 2011
|
9.0%
|
6.2%
|
266,215
|
("e u.s. bureau," 2012)
Nebraska -- 3.9% Unemployment
The
rate of unemployment has fallen just six-tenths of a percentage point
since May 2011. But with today's 3.9 percent unemployment -- less than
half the national average unemployment rate -- few in the Nebraska Cornhusker
State are likely to complain about it.The unemployment in this state is
due to the agricultural strength and we can say that it is the second
state that has the lowest unemployment rate.
The factors of unemployment in this state is also due to minimum wage set by federal law.
No state statute protecting former employers who provide references
Relatively high workers’l compensation benefits.
North Dakota -- 3.0% Unemployment
I
think that North Dakota's unemployment may not have fallen all that
much since May of last year, but no matter. From an already stellar 3.5%
to today's 3.0%, no other state manages to get closer to perfection. On the other hand I can say that it has the lowest foreclosure and credit card default rate too.
This state produces 50% of the entire nation's spring wheat crop, more than the next largest wheat producers -- Minnesota, Montana and South Dakota -- combined.
In conclusion we can find out that the factors of unemployment in this state is due to shortage of labor and certainly oil.
References
Christian, J. (2012). 10 states where the unemployment rate keeps shrinking. Retrieved
(2012). e u.s. bureau of labor statistics. THE EMPLOYMENT SITUATION —JUNE 2012 , Retrieved from http://www.bls.gov/
(n.d.). Economic news releases. HOUSEHOLD DATA Table A-12. Unemployed persons by duration of unemployment , Retrieved from http://www.bls.gov/bls/newsrels.htm
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