Unemployment not reduced by government money advances

There have been a lot of individuals put out of work within the supposedly-over recession. Huge cash advancements were drawn for government stimulus programs, with the idea that jobs would be created and joblessness eased. Overall, it worked for just a little while, however has only gotten worse within the meantime. In the month of August, there were 27 states that recorded an increase in joblessness. There were 10 states with no change, and 13 states with a decrease. Still, we are assured that the recession is over. There does not appear to be much reassuring of that proclamation.

Spike in joblessness level

The joblessness level has shot through the roof over the last month. There were, according to CNN, 27 states which had a rise in joblessness in August. The highest unemployment level within the nation is in Nevada. Nevada sits at a dismal 14.4 percent unemployment. Michigan and California have unemployment rates of 13.1 and 12.4 percent, respectively. The recession hit those states the hardest in a lot of ways, so it isn’t the biggest surprise. Automakers even got emergency loans in a bailout. It didn’t seem to add to many jobs in that region.

Census to blame

The end of the 2010 Census had a heavy hand in the rise in joblessness, according to USA Today. The Census temporarily employed lots of individuals. There were 114,000 individuals employed for that purpose. That said, private employers are slowly starting to add jobs. Having a pay day again must come as a relief to the 67,000 new jobs added by private employers. This was not unforeseen. It had been predicted that the Census concluding would add to unemployment, as there is not enough instant cash to hire all the workers that were laid off back to the payrolls.

Slow however steady wins the race

There is evidence that the decline of economic activity has stopped, and thus the recession is technically over. That said, unemployment is nevertheless high, and lending isn’t happening as much as it maybe should be. It becomes difficult to reconcile that with the idea the recession is over.

More on this topic

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