A lot of people lost their jobs during the worst parts of the recession. The idea was that if the government doled out a huge money advance, the unemployment level would decrease. It didn’t work. Unemployment has really gotten worse overall. The summer has been brutal, as 27 states recorded an increase in unemployment. No change was recorded in 10 states, and 13 states had decreases. The recession is supposedly over, yet the economy as a whole does not appear to be improving quick enough.
Summer increases in joblessness
The unemployment level has shot through the roof over the last month. There were, according to CNN, 27 states which had an increase in unemployment in August. The highest joblessness level within the nation is in Nevada. Nevada sits at a dismal 14.4 percent joblessness. The next worse off states are Michigan and California, with joblessness levels of 13.1 and 12.4 percent unemployment. These have been the hardest-hit states throughout the recession. Automakers even got emergency loans in a bailout. It did not seem to add to many jobs in that region.
Census to blame
The end of the 2010 Census had a heavy hand in the boost in joblessness, according to USA Today. The Census employed about 114,000 individuals nationwide. Jobs are slowly starting to be added by private employers. There were 67,000 new jobs added within the private sector. That has to be a relief to some individuals which were planning to have a pay day again. The end of the Census was predicted to have a negative impact on the unemployment level and jobless claims, as there isn’t enough instant cash floating around to hire all of them back to the private sector.
Not fast enough on the comeback
There is evidence that the decline of economic activity has stopped, and thus the recession is technically over. It is difficult to think of the recession as over with unemployment high and a credit system that seems depressed.
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USA Today
usatoday.com/money/economy/2010-09-21-unemployment-rate-state_N.htm
CNN
money.cnn.com/2010/09/21/news/economy/state_unemployment/index.htm
