Issue Number 51

July 20, 2009

The usual four sections of the Newsletter are available as separate web-pages as well as individual PDF documents.  The Newsletter also remains  available in its entirety as a single, large PDF document.

We strongly recommend that when making a printed copy of the newsletter (in part or whole) you use the PDF version.  If your computer does not yet handle PDFs, we urge you to download the free, Adobe Acrobat reader.

Newsletter as a Single PDF

Newsletter by Section:

Section 1. Overview   (PDF)  (HTML)

Section 2. Markets Perspective  (PDF)  (HTML)

Section 3. Reporting Perspective    (PDF)  (HTML)

Section 4. Reporting/Market Focus   (PDF)  (HTML)

 ___________________________________________

 

CHANGES TO THE NEWSLETTER AND UPDATES: Shortly, we will advise specifics of some planned changes to the SGS newsletter and updates, including enhanced features on data and market updates. We will invite subscriber input and thoughts. Subscribers will receive an e-mail with details.

PLEASE NOTE: An SGS special report will follow as soon as practicable after the grand-benchmark revisions to the GDP planned for Friday, July 31st. Also pending is an update to the Hyperinflation Special Report of April 8, 2008.  Intervening Flash Updates and Alerts will be posted in response to key economic and/or financial-market developments or as otherwise needed to note any update to the broad general outlook.

Earlier editions of the SGS writings and Special Reports referenced in the text can be found on the Archives tab at www.shadowstats.com.

 
 
 
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 State-by-State Unemployment Rate Estimates for June 2009
Headline (U-3), BLS Broadest (U-6) and SGS Alternative Measures
 
 
 
 
 
 
 
 
 
State Ranked by
Unemployment Rate (%)
 
 
Unemployment Rate (%)
SGS-Alt/U-6
U-3
U-6
SGS-Alt
 
State
U-3
U-6
SGS-Alt
 
 
 
 
 
 
 
 
 
Michigan
15.2
26.3
32.9
 
Alabama
10.1
16.1
20.0
Oregon
12.2
22.0
27.5
 
Alaska
8.4
13.9
17.4
Nevada
12.0
20.9
26.1
 
Arizona
8.7
15.3
19.1
California
11.6
20.9
26.0
 
Arkansas
7.2
13.7
17.0
South Carolina
12.1
20.3
25.4
 
California
11.6
20.9
26.0
Rhode Island
12.4
20.2
25.2
 
Colorado
7.6
13.7
17.2
Florida
10.6
19.2
23.9
 
Connecticut
8.0
13.9
17.4
Ohio
11.1
18.8
23.5
 
Delaware
8.4
14.3
17.9
Tennessee
10.8
18.5
23.1
 
D.C.
10.9
16.0
20.0
North Carolina
11.0
18.4
23.0
 
Florida
10.6
19.2
23.9
Indiana
10.7
18.0
22.4
 
Georgia
10.1
17.3
21.6
West Virginia
9.2
17.9
22.4
 
Hawaii
7.4
15.2
19.0
Illinois
10.3
17.5
21.9
 
Idaho
8.4
15.3
19.1
Kentucky
10.9
17.5
21.9
 
Illinois
10.3
17.5
21.9
Georgia
10.1
17.3
21.6
 
Indiana
10.7
18.0
22.4
Washington
9.3
16.8
21.0
 
Iowa
6.2
11.0
13.7
National Average
9.5
16.5
20.6
 
Kansas
7.0
11.8
14.7
Alabama
10.1
16.1
20.0
 
Kentucky
10.9
17.5
21.9
D.C.
10.9
16.0
20.0
 
Louisiana
6.8
10.3
12.8
Wisconsin
9.0
15.8
19.7
 
Maine
8.5
15.5
19.3
New Jersey
9.2
15.7
19.6
 
Maryland
7.3
12.2
15.3
Maine
8.5
15.5
19.3
 
Massachusetts
8.6
14.1
17.6
Arizona
8.7
15.3
19.1
 
Michigan
15.2
26.3
32.9
Idaho
8.4
15.3
19.1
 
Minnesota
8.4
14.6
18.2
Hawaii
7.4
15.2
19.0
 
Mississippi
9.0
14.5
18.1
Missouri
9.3
14.8
18.5
 
Missouri
9.3
14.8
18.5
New York
8.7
14.6
18.3
 
Montana
6.4
11.3
14.1
Minnesota
8.4
14.6
18.2
 
Nebraska
5.0
9.2
11.4
Mississippi
9.0
14.5
18.1
 
Nevada
12.0
20.9
26.1
Delaware
8.4
14.3
17.9
 
New Hampshire
6.8
13.2
16.4
Massachusetts
8.6
14.1
17.6
 
New Jersey
9.2
15.7
19.6
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
State-by-State Unemployment Rates for June 2009 (continued)
Headline (U-3), BLS Broadest (U-6) and SGS Alternative Measures
 
 
 
 
 
 
 
 
 
State Ranked by
Unemployment Rate (%)
 
 
Unemployment Rate (%)
SGS-Alt/U-6
U-3
U-6
SGS-Alt
 
State
U-3
U-6
SGS-Alt
 
 
 
 
 
 
 
 
 
Pennsylvania
8.3
14.0
17.5
 
New Mexico
6.8
13.3
16.6
Alaska
8.4
13.9
17.4
 
New York
8.7
14.6
18.3
Connecticut
8.0
13.9
17.4
 
North Carolina
11.0
18.4
23.0
Colorado
7.6
13.7
17.2
 
North Dakota
4.2
7.7
9.6
Texas
7.5
13.7
17.1
 
Ohio
11.1
18.8
23.5
Arkansas
7.2
13.7
17.0
 
Oklahoma
6.3
10.4
12.9
New Mexico
6.8
13.3
16.6
 
Oregon
12.2
22.0
27.5
New Hampshire
6.8
13.2
16.4
 
Pennsylvania
8.3
14.0
17.5
Virginia
7.2
13.0
16.3
 
Rhode Island
12.4
20.2
25.2
Vermont
7.1
12.6
15.8
 
South Carolina
12.1
20.3
25.4
Maryland
7.3
12.2
15.3
 
South Dakota
5.1
9.6
12.0
Kansas
7.0
11.8
14.7
 
Tennessee
10.8
18.5
23.1
Montana
6.4
11.3
14.1
 
Texas
7.5
13.7
17.1
Iowa
6.2
11.0
13.7
 
Utah
5.7
9.6
12.0
Wyoming
5.9
11.0
13.7
 
Vermont
7.1
12.6
15.8
Oklahoma
6.3
10.4
12.9
 
Virginia
7.2
13.0
16.3
Louisiana
6.8
10.3
12.8
 
Washington
9.3
16.8
21.0
South Dakota
5.1
9.6
12.0
 
West Virginia
9.2
17.9
22.4
Utah
5.7
9.6
12.0
 
Wisconsin
9.0
15.8
19.7
Nebraska
5.0
9.2
11.4
 
Wyoming
5.9
11.0
13.7
North Dakota
4.2
7.7
9.6
 
National Average
9.5
16.5
20.6
 
 
 
 
 
 
 
 
 
Notes: U-3 is the headline unemployment rate. U-6 is the broadest BLS measure and includes
marginally-attached workers (encompassing short-term discouraged workers) and those
employed part time for economic reasons. SGS-Alt is the alternative unemployment rate
estimated by ShadowStats.com. It includes an estimate of long-term discouraged workers
(those who have not looked for work in more than one year), who were defined out of
existence in the 1994 overhaul of unemployment surveying. Data are seasonally adjusted.
The break out by state for U-6 and SGS-Alt are estimates made by ShadowStats.com
 
Sources: ShadowStats.com, Bureau of Labor Statistics.
 
 
 
(c) 2009 ShadowStats.com, American Business Analytics and Research LLC