Adrian Peña's  Instablog

I find this something to consider as Tigers sponsors continue to withdraw...

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We all have heard that the US hit double digit unemployment at 10.2% in Oct ‘09, and it is still far from recovering.  Unfortunately, the economic collapse that started in 2007 and bottomed out in early 2009 is still showing no real signs of job level improvements.  This graph shows the unemployment severity at a national level.  There is not a single state in the union that was spared.  This net change graph from Oct ‘08 to Oct ‘09 shows that 35 states (70% of the union) experienced more that 50% increase in unemployment, and the remaining 16 states (including D.C) experienced at least 30% increase in unemployment.



While the government has helped Wall Street from collapse, more specifically the Motor and Financial industries, it is time that we hear some sort of plan as to how we are going to generate jobs for the rest of America.  Most of the states in the union continue to show an increase in unemployment rates; and of the handful of states that have shown improvement, only Michigan is part of the Top-10 labor force states.



This means that most of the labor force in the US continues to suffer and there has been no real plan from the government on how to fix this.  In addition, taking into account how long it has taken the US to recover job levels after previous recessions, we are in for a long ride – at least 3 more years.



Wall Street has clearly turned around and it is recovering thanks to government help.  It is now time to help Main Street.  The government needs to come up with a plan on how to bring jobs back and make it its top priority.

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Referring Sites:
data.bls.gov/map/servlet/map.servlet.Map...
economix.blogs.nytimes.com/2009/10/02/co...

Is TJX really a safe bet.  What do you think?

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