The Missouri unemployment rate dropped for the first time in this year. The statistics say that Missouri’s jobless rate was 9.4 percent in April, down from 9.5 percent in March but still higher than the 9.1 percent rate of April 2009. The state’s April rate was lower than the national rate of 9.9 percent, which increased 0.2 percent from the month before. The state’s total work force was 2.67 million in April, an increase of 14,800 from the month before.
It has been observed that there are people who have been gaining jobs while there have been others who have been losing theirs. The state has been trying to woo some of the major employers like IBM into investments in Missouri.
Missouri Department of Labor spokeswoman Amy Suson says the state’s unemployment rate is at nine-point-four percent…..of that percentage 87-thousand Missourians are on second, third and fourth rounds of unemployment benefits.
The unemployment rate of the state has been steady since a few months so it means that the number of people filing for unemployment claims has also been steady. Missouri has been ranked 20th in terms of unemployment in the nation.
According to a just released report from the Missouri Department of Economic Development, the state had its best jobs creation month of the year, adding more than 14,000 jobs in the state and reducing unemployment by one-tenth of a percentage point, to 9.4 percent. Of course, it is not the end of financial crisis but it shows that economy shows signs of recovery.
For getting to know the unemployment claims of the state, you can refer the unemployment benefits guide of Missouri.
As per the data released by the South Carolina Department of Employment and Workforce, the unemployment rate of South Carolina has edged down from 12.2 percent to 11.6 percent. Currently, it is the sixth highest in the nation in terms of unemployment. This happened in spite of the labor force shrinking by 6,200 positions in April.
However, the unemployment rate of the state remains higher than that of the nation, which stands at 9.9 percent. The underemployment rate of South Carolina , that includes the unemployed who have given up searching of jobs, was 19.7 percent.
There has been seasonal growth due to the tourism industry, the government jobs were up by 6,000.
“We are encouraged by this positive news and remain focused on putting South Carolinians back to work,” said John Finan, executive director of the SC Department of Employment and Workforce. The South Carolina Department of Employment and Workforce is the replacement for the South Carolina Security Employment Commission which was basically dissolved after poor performance that resulted in a large amount public criticism.
The construction sector continues to be the biggest loser by losing 2,800 jobs in April. The main provider of jobs in April has been hospitality business that added 8,800 jobs.
For more details on the unemployment claims of the state, you can refer to the unemployment benefits guide of South Carolina.
After the economic downfall, Utah has been showing some signs of improvement in the job sector. As per reports, Utah’s 0.9 employment contraction shows improvement compared to that of the previous month. There has been hiring in the sectors of temporary employment, retail trade and other sectors recently. The month-to-month figures have been increasing and that is a very encouraging sign. The experts feel that federal stimulus spending, increasing customer confidence and mounting lean and profitable business community have contributed to the recent rise in the job market. It is a positive thing that the economy activities have begun once again and employers have started to recruit.
Check out Utah unemployment benefits guide to learn more about State’s unemployment program.
The unemployment rate of Utah state was 7.3 percent in April, with almost 100,00 had to file for unemployment benefits. So people still feel that the road to recovery is really far ahead and these may just be the initial steps to it. But at least 2010 has been so far encouraging and promising than the previous years, 2008 and 2009. Utah’s unemployment rate for April remained well below the national figure of 9.9 percent.
The manufacturing business seems to show signs of improvement. But businesses like construction and demolition work are absolutely down. There has been a slight rise in wholesale and retail sales. Of all the sectors, health care has been going strong and has been adding about 5,400 jobs each year.
All of us know that the greatest effect of recession has been unemployment. There has been lot of depression and frustration due to this.
As the President Barack Obama will make a stop at Buffalo, NY, the economically hassled people are planning to welcome him with a billboard that says “Dear Mr.President, I need a freakin job. Period.” Actually this is a part of the campaign organized by Jeff Baker who had his own small business in Buffalo. It seems that his establishment had employed about twenty five people and all of them lost their jobs. The New York State unemployment situation has seen many such stories.
The news reports state that Buffalo suffers from one of the country’s highest poverty rates with nearly 30% of its population living at or below the poverty line, but has weathered the most recent recession a little better than the national average. The unemployment rate in Buffalo currently stands at 8.6 percent while the national average is 9.7 percent.
The state has almost lost 30,600 jobs in the manufacturing sector alone last year.
When spoken to, Mr. Burton, President Obama’s Deputy Press Secretary, assured that the President would be there to speak about the jobs and how his administration would emphasize on small businesses to create jobs. He said that the President has been taking lot of initiatives to create jobs.
It is true that the state has been looking forward to the President’s visit eagerly.
For the unemployment benefits comparison by state, you can refer here.
The unemployment seems to be taking its toll in Ohio now. It seems that the Ohio’s unemployment fund is broke. This is because the tax that the employers pay to subsidize the unemployment fund id being reduced this year.
Ohio has been one of the thirty three states that has been borrowing from the federal government to continue funding the unemployed who has lost jobs due to the recession. Ohio has borrowed more than $2.1 billion and will have to start paying interest on it in January 2011 at an annual rate of 4.66 percent. So in such a situation, many of them have been asking about why the tax has been cut.
The unemployment funding comes from the payroll taxes paid by the companies. According to reports, One key part of each employer’s tax was reduced by $18 per worker. That adds up to tens of millions of dollars that won’t be going to the fund.
Experts feel that Ohio should avoid tax cut that happens automatically from its insufficient unemployment fund. It is important to remember that unemployment compensation is very critical for those workers who have lost jobs for no fault of theirs. As per the news, last year, more than half a million of people in the Ohio State received unemployment compensation. With jobless spells lasting longer, nearly 250,000 remained on state benefits so long that they ran out.
If you need more details about the unemployment benefits comparison by state, then you can refer to Ohio State Unemployment benefits guide.
The unemployment situation has not spared Illinois State too. The unemployment rate has been rising since December 2006.
Many of them thought that unemployment will not hit the teachers but they have been proved wrong. There are students, who have completed their degrees in English and have teaching certificates, looking out for jobs in vain. The worst part is that they have to start paying their loans after a grace period of six months. Many college graduates have either lost their jobs or have never found any after completing their degrees.
The student loan default rate continues to rise along with the unemployment rate, according to the latest figures released this month by the Department of Education. That’s left recent graduates to worry about how they will pay off thousands of dollars in student loan debt.
Chicago Career Tech has been targeting middle-income workers especially teachers who lost their jobs due to recession. They aim to teach them technological skills that would gear them up to find the jobs of the future. They say that the initial classes will be on health care technological skills and information technology that has been harbouring the majority of the jobs in Chicago now. But this program will be restricted to the residents of Chicago only.
For other non-teaching aspirants, there has been a ray of hope in the planned merger of United and Continental airlines. United is planning to move its headquarters to Chicago and it is said that it may become the largest employer of Chicao if everything goes as planned.
Of course, the government has been offering unemployment benefits in Illinois.
The unemployed need to make the best use of it.
The recession has hit the states of US very hard, which in turn has hit the unemployment rate. This has a very bad effect on home loans section. Many loans have been ending up in foreclosure and that is a very sad situation.
Reports claim that Nevada was the forerunner in the foreclosure rate. Almost one in every 69 houses have got a notice there.
Arizona took the second place as it lost 82,000 jobs last year and Florida ranked third in the foreclosure rate. California took the fourth and Utah the fifth positions respectively. The foreclosure fillings have remained at a very high level and show no inclination to drop in the near future.
For those of you who have not claimed your unemployment benefits, you check out Nevada unemployment guide, Arizona unemployment benefits, or California unemployment claims guide on our website.
Of course, people are trying to come out with initiatives to prevent foreclosures. Oakland County Treasurer Andy Meisner has launched the Oakland County Foreclosure Prevention Initiative, a partnership project between the Oakland County Treasurer’s Office, United Way, Lighthouse of Oakland County, Wayne County, and other public and non-profit organizations. The idea behind this is to provide assistance to the homeowners who have been hit by recession and unemployment. The assistance will be in the form of financial counselling, intervention with lenders and help in negotiating possible settlements. The initiative offers one-stop foreclosure and foreclosure prevention resources, do-it-yourself features, user-friendly online intake for convenience and efficiency, and continuous e-mail contact with the program. This program is free and has warned the homeowners against any other forclosure prevention scam.
California, like the other states in US, has been in recession since three years. The state has been making its best efforts to come out of it as soon as possible.
The governor of the state, Arnold Schwarzenegger released the revise budget plan proposing major cuts in the health and welfare programs. He laid out the option of removing CalWORKS which was the state’s welfare-to-work program.
The recession has resulted in the California nemployment rate rising to 12.6. With unemployment remaining high and tax revenue low, California will face a deficit of more than $20 billion in the fiscal year that begins July 1.
The governor has assured that there will not be any raise in taxes. But democrats feel that the state has already made too many cuts in its programs. They feel that this might hit the spirit of the federal health care program. They have been to Washington propagating the cause that no more cuts should be allowed for core health and social programs as it may effect single mothers, seniors and children.
Republicans believe that the revenue should come from taxes generated from the growth of the jobs and this is possible if the business taxes are lowered and the regulations are reduced.
But those vouch for health and welfare programs say that it might affect the families and might impact the economy of California negatively.
It is true that not all of them in the state are happy with the cuts in health care programs.
You can refer unemployment benefits in California for more details on unemployment benefits in the state.
The state of Wisconsin has been trying to rise out of recession as much as possible. The state labor officials say that about 16,000 jobs have been added, thus leading to the fall in the unemployment rate of the state in April. The number of jobs added recorded the largest jump per month in the last fourteen years. About 3,300 jobs have been added to the manufacturing sector. The state’s seasonally adjusted jobless rate in April was 8.5 percent, down 0.3 percentage points from March. Wisconsin unemployment rate remains under the national unemployment rate of 9.9 percent.
The experts believe that this has been the road to the state’s positive recovery from the economic slowdown. As per the news reports, the Green Bay area’s unemployment rate was 9.1 percent, the jobless rate was 12.8 percent in Janesville and 8.4 percent for Neenah.
At the same time, most of the home owners in Wisconsin paid their monthly mortgage payment in the first quarter of this year. This was seen as a development in the economic growth. According to Jacobsen, who is chief portfolio strategist at Wells Fargo Advantage Funds, unemployment predicts if the person is going to default on a mortgage or not. He asks if the person is unemployed, then how can he make the mortgage payment?