November 17, 2012
California: Unemployment Rate falls to 10.1% in October, Payroll jobs increase 45,800
I was certainly unaware that California's economy was improving so much. It prompted me to create a few charts.
Click to enlarge.
As seen in nonfarm payrolls since 2010, California's employment is improving exactly like the rest of the country. No better, no worse.
Click to enlarge.
As seen in initial claims since 2010, California sends people to the unemployment lines exactly like the rest of the country. No better, no worse.
If you think California's economy is doing fantastic, then you no doubt think the rest of the country is too. Do you? I sure don't.
Hey, I just call it the way I see it.
Source Data:
BLS: State and Metro Area Employment, Hours, & Earnings
St. Louis Fed: Nonfarm Payrolls
St. Louis Fed: Initial Claims Custom Chart
California: Unemployment Rate falls to 10.1% in October, Payroll jobs increase 45,800
Recently I've been talking to a few friends from around the country, and they all seemed unaware that the California economy is clearly improving. California is seeing a pickup in employment, the delinquency rate is falling, and I wouldn't be surprised if California reports a balanced budget soon.
I was certainly unaware that California's economy was improving so much. It prompted me to create a few charts.
Click to enlarge.
As seen in nonfarm payrolls since 2010, California's employment is improving exactly like the rest of the country. No better, no worse.
Click to enlarge.
As seen in initial claims since 2010, California sends people to the unemployment lines exactly like the rest of the country. No better, no worse.
If you think California's economy is doing fantastic, then you no doubt think the rest of the country is too. Do you? I sure don't.
Hey, I just call it the way I see it.
Source Data:
BLS: State and Metro Area Employment, Hours, & Earnings
St. Louis Fed: Nonfarm Payrolls
St. Louis Fed: Initial Claims Custom Chart
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