Archive for the ‘Economic Depression Metrics’ Category

This info from
globaldepressionsurvivialguide.com


If You Live in These Seven States, You Are Already in the Depression
Wednesday, March 11th, 2009

Seven states received a wakeup call this week as new unemployment statistics confirmed that depression era level double digit unemployment has already struck.

Seven states posted unemployment rates larger than 10 percent in January, according to figures released Wednesday morning by the U.S. Bureau of Labor Statistics.

Michigan was saddled with the nation’s highest jobless rate in January, 12.5 percent in statistics that were not seasonally adjusted. It had been the only state to rise above 10 percent during the previous month, December 2008.

Also topping the 10-percent mark in January were Rhode Island (11.4 percent unemployment), Oregon (10.9 percent), South Carolina (10.9 percent), California (10.6 percent), North Carolina (10.3 percent) and Nevada (10.2 percent).

7 states post jobless rates above 10% - Business First of Buffalo:

During the depression unemployment didn’t just stop at the 12% level. It accelerated to the 20% levels around the world. Twenty percent levels are still not the norm, but these 7 states have a head start and might feel the worst of the depression early on.

Currently the National Unemployment rate is at 8.1%. This does not include what is considered the ‘real’ unemployment numbers of people that the US government has stopped tracking all together, typically because their unemployment insurance benefits have expired.