Chief
06-18-2008, 07:31 AM
http://www.dailyinsider.info/today.html
Clark County’s seasonally unadjusted unemployment rate for May was 6.3 percent, up from 6.1 percent in April and up from 5 percent in May 2007, according to the state Department of
Employment Security.
Statewide, the unemployment rate, based on seasonal adjustments, was also up, hitting 5.3 percent for the first time in 20 months.
It was not all bleak. The demand for professional services increased by 1,200 new jobs across the state. But the demand for jobs declined in areas of retail, education, health services and government.
Kim County remained the bright spot in the employment story for May, where seasonally unadjusted unemployment stood at 3.9 percent, but still, that was up from 3.1 percent in April.
**SCHNIPP**
yah, even the local media has picked up this story line as further proof of how bad things are.
The truth is that May unemployment numbers are up, but layoffs are not. How can that be?? It's all of those freshly out of school High School kids who are out there looking for summer jobs.
The only problem is that the minimum wage is so high here, most of them won't be finding jobs any time soon. High School labor is a deal for five bucks an hour, but not such a good deal t $8.07 per hour. Yes, 14 and 15 year olds can be paid 85% of that but that is still $6.86 an hour.
These numbers do not mean a softening economy, no matter what the Obamunists say...
Stout Hearts...
cewl
Clark County’s seasonally unadjusted unemployment rate for May was 6.3 percent, up from 6.1 percent in April and up from 5 percent in May 2007, according to the state Department of
Employment Security.
Statewide, the unemployment rate, based on seasonal adjustments, was also up, hitting 5.3 percent for the first time in 20 months.
It was not all bleak. The demand for professional services increased by 1,200 new jobs across the state. But the demand for jobs declined in areas of retail, education, health services and government.
Kim County remained the bright spot in the employment story for May, where seasonally unadjusted unemployment stood at 3.9 percent, but still, that was up from 3.1 percent in April.
**SCHNIPP**
yah, even the local media has picked up this story line as further proof of how bad things are.
The truth is that May unemployment numbers are up, but layoffs are not. How can that be?? It's all of those freshly out of school High School kids who are out there looking for summer jobs.
The only problem is that the minimum wage is so high here, most of them won't be finding jobs any time soon. High School labor is a deal for five bucks an hour, but not such a good deal t $8.07 per hour. Yes, 14 and 15 year olds can be paid 85% of that but that is still $6.86 an hour.
These numbers do not mean a softening economy, no matter what the Obamunists say...
Stout Hearts...
cewl