July jobless rates down in 24 states, up in 14; payroll jobs up in 34 states, down in 16

[mahatmakanejeeves]

Source: U.S. Bureau of Labor Statistics

Economic News Release

Employment, Hours, and Earnings from the Current Employment Statistics survey (State and Metro Area)

Regional and State Employment and Unemployment Summary
USDL-15-1593

For release 10:00 a.m. (EDT) Friday, August 21, 2015

Technical information:
Employment: [phone] • [e-mail] • www.bls.gov/sae
Unemployment: [phone] • [e-mail] • www.bls.gov/lau

Media contact: [phone] • [e-mail]


REGIONAL AND STATE EMPLOYMENT AND UNEMPLOYMENT -- JULY 2015


Regional and state unemployment rates were little changed in July. Twenty-four states and the District of Columbia had unemployment rate decreases from June, 14 states had increases, and 12 states had no change, the U.S. Bureau of Labor Statistics reported today. Forty-one states and the District of Columbia had unemployment rate decreases from a year earlier, six states had increases, and three states had no change. The national jobless rate was unchanged from June at 5.3 percent and was 0.9 percentage point lower than in July 2014.

In July 2015, nonfarm payroll employment increased in 34 states and decreased in 16 states and the District of Columbia. The largest over-the-month increases in employment occurred in California (+80,700), Texas (+31,400), and Florida (+30,500). The largest over-the-month decrease in employment occurred in New Jersey (-13,600), followed by Louisiana (-4,500) and Kansas (-4,300). The largest over-the-month percentage increase in employment occurred in Wyoming (+0.9 percent), followed by Oklahoma and Rhode Island (+0.7 percent each). The largest over-the-month percentage decline in employment occurred in North Dakota (-0.5 percent), followed by Hawaii, Kansas, New Jersey, and West Virginia (-0.3 percent each). Over the year, nonfarm employment increased in 47 states and the District of Columbia, decreased in 2 states, and was unchanged in Alaska. The largest over-the-year percentage increase occurred in Utah (+4.4 percent), followed by Nevada (+3.7 percent) and Florida (+3.5 percent). The over-the-year percentage decreases occurred in West Virginia (-2.5 percent) and North Dakota (-0.6 percent).

Read more: http://www.bls.gov/news.release/laus.nr0.htm

[lark]

1. Glad to see FL and most states finally looking better.

We in FL. really got hit hard by the recession and took a very long time to even start recovering due to Scott's efforts to fuck us over.

[yallerdawg]

3. "Nonfarm payroll employment."

If the Republicans round up and deport all the Hispanics in the U.S., and American citizens start doing migrant farm work, will we start counting these jobs too, as we'll damn sure expect at least minimum wage, safe work conditions/environment and full employer-provided benefits?

Or more likely we just become a nation of carnivores?

[marmar]

4. Confirmation that Christie, Brownback and Jindal have been disasters.

[4lbs]

5. Haha! After California Gov Jerry Brown raised taxes on the richest people, Repukes were crying

that it would kill the California economy as many people would leave the state.

Furthermore, everyone in California does pay a sales tax for online purchases as well.


Meanwhile, California reports a tax surplus, lower deficit, and increasing employment. Oh, and almost no one "rich" left the state.


California sees tax revenue surge (from April 2015)

http://www.sfchronicle.com/72hour-sale-event/article/California-sees-a-tax-revenue-surge-6212272.php

Tax revenue is coming in well ahead of last year and above current-year forecasts. Under the state’s complex school funding formula, almost all revenue that exceeds budget estimates will go to those schools.

The Franchise Tax Board hauled in $7.6 billion in personal income tax revenue, after subtracting refunds, between April 1 and Monday. That is a 27 percent increase from $6 billion during the same period last year.

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California creates California Surplus Miracle (from 2013)

http://www.thedailybeast.com/articles/2013/01/15/jerry-brown-creates-california-surplus-miracle-but-can-it-last.html

But Gov. Jerry Brown announced that his state has suddenly projected a surplus of $851 million. Two years ago, when Brown came back into office, the state had a $25.4 billion deficit, a Sisyphean problem Governor Arnold struggled with unsuccessfully all last decade.

...

Crucially, Brown also took on the unpopular task of raising taxes—winning a 2012 ballot fight sonorously known as Proposition 30 and 39—that raised sales taxes and closed business tax loopholes. Next year, the combined new revenues are expected to exceed $5.8 billion.

(MY EDIT: The article questioned whether the surplus could last. Well, yes. Since 2012, we've had surpluses every year.)

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Californians approve massive tax hike on the wealthy (from 2012)

http://money.cnn.com/2012/11/07/news/economy/california-tax-wealthy/

The wealthiest 1% of Californians -- those with annual incomes of $533,000 or more -- will shoulder nearly 79% of the tax increase, according to the California Budget Project, a research group that endorsed the proposition. They will see their taxes rise by 1.1% of their income, while the bottom four-fifths of the state's residents will see an increase of between 0.1% and 0.2% of their incomes.

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California unemployment rate continues its decrease (from July 2015)

http://www.latimes.com/business/la-fi-california-unemployment-june-20150717-story.html

Job growth in California continued to hum along in June as employers added 22,900 nonfarm payroll positions from the previous month..

In May, payrolls swelled by 46,200 jobs, based on revised data. The June increase was less than half that amount, but the still-sizable surge left economists satisfied.

“I hesitate to refer to this as a recovery any longer,” said Jordan Levine, director of economic research at Beacon Economics. “This is now an expansion.”

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So, 24 straight months of job growth and decreasing unemployment rate in California. I guess my Democratic Governor and State Legislature has done something right. Add in a budget surplus and increased tax revenue. Suck on that Repukes!