Job Growth Is Weak In Several Key States

August 22, 2004 8:09am by

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Another terrific data source from the WSJ, buried online. (This is an excellent source of information, and is well worth the expense of subscribing to the online version).

“Job growth is a key issue for voters heading into this presidential election and national readings on the labor market have been painfully weak in the last two months. The latest breakdown of payrolls by state show that several key battleground states suffered some of the biggest drops in the nation in July – including Missouri and Michigan. However, Washington and Wisconsin experienced some of the highest job growth in the nation.

Here are data for 16 so-called battleground states, where thin margins in the 2000 election and possible swing voters could make all the difference on Nov. 2.” (Source: U.S. Labor Department)

  Employees on Nonfarm
Payrolls (in thousands)
Seasonally adjusted
State July June Change
Arkansas 1,152.8 1,150.9 1.9
Florida 7,442.7 7,449.1 -6.4
Iowa 1,446.2 1,444.2 2
Michigan 4,350.3 4,375.3 -25
Minnesota 2,672.7 2,675.8 -3.1
Missouri 2,681.2 2,733 -51.8
Nevada 1,136.6 1,130.3 6.3
New Hampshire 629.5 626.6 2.9
New Mexico 790.4 790.6 -0.2
Ohio 5,374.4 5,371 3.4
Oregon 1,598.2 1,597.6 0.6
Pennsylvania 5,636.8 5,639.6 -2.8
Tennessee 2,684 2,686.2 -2.2
Washington 2,717.4 2,708.8 8.6
West Virginia 733.4 732 1.4
Wisconsin 2,839.2 2,832.2 7
Total Gain/Loss     -57.4

See the full report at http://www.bls.gov/news.release/pdf/laus.pdf

Stastistically, this implies an Unemployment Rate (Percent) that is relatively unchanged, with an average Gain/Loss of -0.03%.

Source:
Job Growth Is Weak In Several Key States
August 20, 2004 2:19 p.m.
http://online.wsj.com/article/0,,SB109301461729797236,00.html

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What's been said:

Discussions found on the web:
  1. Fester’s Place commented on Aug 24

    Observing the Economy

    I am not too sure about that as I have seen the new claims numbers as an indicator of neutrality which is still bad in aggregate as there is a significant decline in workforce participation but it is at least sloping in the right direction.

  2. Fester’s Place commented on Aug 24

    Observing the Economy

    I am not too sure about that as I have seen the new claims numbers as an indicator of neutrality which is still bad in aggregate as there is a significant decline in workforce participation but it is at least sloping in the right direction.

  3. Fester’s Place commented on Aug 24

    Observing the Economy

    I am not too sure about that as I have seen the new claims numbers as an indicator of neutrality which is still bad in aggregate as there is a significant decline in workforce participation but it is at least sloping in the right direction.

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