Over 30% of States with rising unemployment

The March 2016 figures are in for state-wide unemployment and the percentage of states with growing unemployment has risen to over 30% now:
2016-04-18_1503

The useful thing with this breadth metric is that deterioration in unemployment is made visible long before it shows up in the average national unemployment rate. Whereas the national unemployment rate is at best a co-incident indicator for recession, the percentage of states with increasing employment acts as a reliable leading indicator – reliable enough to be added as one of the 21 components to our New Long leading Indicator.

The deterioration in this unemployment statistic is corroborated by several others we covered in a blog posting last week, titled “Labor market not as strong as you think“.

The states with rising unemployment trends are :
2016-04-18_1538

About Dwaine Van Vuuren

Dwaine has a Bachelor of Science honors degree and is a full-time trader and investor. His passion for numbers and keen research & analytic ability has helped grow RecessionALERT into a company used by hundreds of hedge funds, brokerage firms and financial advisers around the world.

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