Desperation Is A Lagging Indicator

by digby

Atrios notes that politicians should probably try to seriously address this problem if only because it tends to create a testy electorate:

From the BLS: Regional and State Employment and Unemployment Summary

Twenty-nine states and the District of Columbia recorded over-the-month unemployment rate increases, 13 states registered rate decreases, and 8 states had no rate change, the U.S. Bureau of Labor Statistics reported today. Over the year, jobless rates increased in all 50 states and the District of Columbia.
...
Michigan again recorded the highest unemployment rate among the states, 15.1 percent, in October. The states with the next highest rates were Nevada, 13.0 percent; Rhode Island, 12.9 percent; California, 12.5 percent; and South Carolina, 12.1 percent. The rate in California set a new series high, as did the rates in Delaware (8.7 percent) and Florida (11.2 percent). The District of Columbia also set a series high, 11.9 percent.
It is literally all over the map.

And even if unemployment turns around sharply in the next few months, it takes many, many more months before people begin to really grok that the worst is over. This is a bad one and yet you get the sense that everybody's just in a sort of suspended animation waiting for everything to be end.


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