Unemployment is Down in Idaho, Up in Boise

Posted by George Prentice on Fri, Jun 17, 2011 at 4:30 PM

While the nation's unemployment rate bumped back up in May, Idaho's jobless numbers improved. The Idaho Department of Labor reported today that the seasonally adjusted unemployment rate fell for the second straight month in May, dropping two-tenths of a point to 9.4 percent. All in, the number of Idahoans employed in May was 694,000,

Manufacturers hired a few dozen more workers than normal for May, offering the brightest spot in Idaho's job picture. Construction also generated jobs a little faster than the five-year average.

The number of Idaho workers without jobs in May fell below 72,000 for the first time in nine months. Only three months ago, Idaho's unemployment rate was at a record 9.7 percent. Idaho's rate a year ago was 9.2 percent.

Boise's jobless rate rose four-tenths of a percent in May, up to 9.1 percent.

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Even MSNBC is now admitting publicly that Obama's ~$1T stimulus was wasteful, mis-managed and a historic failure, adding exponentially to the nations debt.

http://biggovernment.com/files/2011/06/emp…

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Posted by 5foldflats on 06/17/2011 at 6:28 PM

Got a link to that MSNBC story? Most economists feel that the failure was that the stimulus was to small and to politically influenced by the right wingers.


"Economists such as Martin Feldstein, Daron Acemoğlu, National Economic Council director Larry Summers, and Nobel Memorial Prize in Economic Sciences winners Joseph Stiglitz[51] and Paul Krugman[52] favored large economic stimulus to counter the economic downturn. While in favor of a stimulus package, Feldstein expressed concern over the act as written, saying it needed revision to address consumer spending and unemployment more directly.[53] Just after the bill was enacted, Krugman wrote that the stimulus was too small to deal with the problem, adding, "And it’s widely believed that political considerations led to a plan that was weaker and contains more tax cuts than it should have"

http://en.wikipedia.org/wiki/American_Reco…

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Posted by ericn1300 on 06/18/2011 at 1:47 PM
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