Unemployment

By Logan King

Unemployment in N.C

The unemployment rate for North Carolina fell 0.4 percentage points in October 2014 to 6.3%. The state unemployment rate was 0.5 percentage points higher than the national rate for the month. The unemployment rate in North Carolina peaked in January 2010 at 11.3% and is now 5.0 percentage points lower. From a post peak low of 6.2% in April 2014, the unemployment rate has now grown by 0.1 percentage points. The number of people unemployed in North Carolina peaked in February 2010 at 523,966. There are now 230,331 fewer people unemployed in the state. From a recent trough of 292,122 in April 2014, the number of unemployed has now grown by 1,513. This helps N.C because it is much less then in 2010. It is good for our economy also.

Unemployment in U.S

Unemployment Rate in the United States remained unchanged at 5.80 percent in November of 2014. Unemployment Rate in the United States averaged 5.83 percent from 1948 until 2014, reaching an all time high of 10.80 percent in November of 1982 and a record low of 2.50 percent in May of 1953.


Among the major worker groups, the unemployment rate for adult men rose to 5.4 percent in November. The rates for adult women (5.3 percent), teenagers (17.7 percent), whites (4.9 percent), blacks (11.1 percent), and Hispanics (6.6 percent) showed little change over the month. The jobless rate for Asians was 4.8 percent (not seasonally adjusted), little changed from a year earlier.



The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 2.8 million in November. These individuals accounted for 30.7 percent of the unemployed. Over the past 12 months, the number of long-term unemployed declined by 1.2 million.



The civilian labor force participation rate held at 62.8 percent in November and has been essentially unchanged since April. The employment-population ratio, at 59.2 percent, was unchanged in November but is up by 0.6 percentage point over the year.



The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers), at 6.9 million, changed little in November. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.

Unemployment in Georgia

The unemployment rate for Georgia fell 0.2 percentage points in October 2014 to 7.7%. The state unemployment rate was 1.9 percentage points higher than the national rate for the month. The unemployment rate in Georgia peaked in October 2009 at 10.4% and is now 2.7 percentage points lower. From a post peak low of 6.9% in April 2014, the unemployment rate has now grown by 0.8 percentage points.The number of people unemployed in Georgia peaked in December 2009 at 489,799. There are now 125,140 fewer people unemployed in the state. From a recent trough of 331,280 in April 2014, the number of unemployed has now grown by 33,379.This is much greater then N.C which is worse for Georgia's economy.

Unemployment in South Dakota

The unemployment rate for South Dakota fell 0.1 percentage points in October 2014 to 3.3%. The state unemployment rate was 2.5 percentage points lower than the national rate for the month. The unemployment rate in South Dakota peaked in May 2009 at 5.3% and is now 2.0 percentage points lower. The number of people unemployed in South Dakota peaked in May 2009 at 23,493. There are now 8,660 fewer people unemployed in the state. This is good for South Dakota because there are not many people losing jobs.

Unemployment in Michigan

The unemployment rate for Michigan fell 0.1 percentage points in October 2014 to 7.1%. The state unemployment rate was 1.3 percentage points higher than the national rate for the month. The unemployment rate in Michigan peaked in August 2009 at 14.2% and is now 7.1 percentage points lower.The number of people unemployed in Michigan peaked in August 2009 at 686,199. There are now 351,473 fewer people unemployed in the state. This is good compared to Georgia, but is still high compared to the other ones.
Big image
Big image
Big image
Big image
Big image
Big image