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Asset Preservation Advisors




City:Atlanta

State: GA



BIOGRAPHY:
APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Twenty-Seven States Recorded Higher Unemployment Rates in June

The unemployment rate is lower in five swing states

| BY Donald Liebenson

If, as the late Tip O’Neill once observed, “All politics is local,” what will be the impact of the U.S. Bureau of Labor Statistics’ June state employment rates report?

Twenty-seven states recorded increases in unemployment rates in June, while 11 states and the District of Columbia recorded declines, and 12 states had no change.

Forty-seven states and the District of Columbia registered unemployment decreases from a year ago, while three states recorded increases. The national unemployment rate of 8.2 percent, unchanged from May, is 0.9 percent point lower than the same period last year.

At 9.4 percent, the West recorded the highest regional unemployment rate in June, while the Midwest posted the lowest rate, 7.3 percent. Over the month, only the Northeast experienced a “statistically significant” unemployment rate change (up 0.2 percent.

Among the states, Nevada continued to record the highest state unemployment rate, 11.4 percent, followed by Rhode Island and California (10.9 and 10.7, respectively). North Dakota registered the lowest state unemployment rate, 2.9 percent, followed by Nebraska (3.8 percent).

Half of the states reported unemployment rates “significantly lower” than the U.S. national unemployment rate of 8.2 percent. Eight states were “measurably” higher and 17 states and the District of Columbia had rates that appreciably different from that of the nation.

What of the swing states expected to play a pivotal role in the coming presidential election? The unemployment rate is higher than the national average in Florida (8.6 percent), Michigan (8.6 percent), Nevada, and North Carolina (9.4 percent). The state unemployment rate is lower than the national jobless rate in Iowa (5.2 percent), New Hampshire (5.1 percent), Ohio (7.2 percent), Virginia (5.7 percent), and Wisconsin (7 percent). It is the same in Colorado (8.2 percent)

Households surveyed in June by Millionaire Corner do not rank unemployment high on the list of issues that will impact for whom they vote in the presidential election. Whereas 45 percent said the Economy was the most important issue, 8.5 percent said unemployment and job creation. This issue is of the most importance to those under 40 and of decreasing importance with successively older age demographics.

 

 



About the Author


Donald Liebenson

dliebenson@millionairecorner.com

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.