Paper Economy - A US Real Estate Bubble Blog

Monday, April 19, 2010

Sinking Ships – MA vs. RI March 2010

As I had noted in my original post, historically it has been very unusual for there to be more than a 1.5% difference (either more or less) between the unemployment rates if Massachusetts and Rhode Island.

Recently though, we have seen a historically unusual spread between Rhode Island’s high rate and Massachusetts’ far lower rate.

In fact, the latest 3.3% spread still nearly exceeds ALL spreads seen in at least 40 years.

The latest regional unemployment report shows that, in March, the Rhode Island unemployment rate declined slightly at 12.6% while the Massachusetts rate dropped to to 9.3%.

Massachusetts is still experiencing large year-over-year increases to unemployment jumping 20.78% on a year-over-year basis continuing to indicate that Mass is slogging through a period of serious job weakness.


Labels: , , ,

Copyright © 2013
PaperEconomy Blog - www.papereconomy.com
All Rights Reserved

Disclaimer

5 Comments:

  • How much does it anger you that it appears that both MA and RI appear to be teasing out a peak?

    As your original post noted, when this all started, the assumption was, yeah RI may tank but here in MA it wont be nearly as bad.

    This enraged you to the point that you started this whole series - the assumption being (a) the gap in unemployment rates would narrow and (b) most of it would happen with MA playing catch up.

    As your graphs show, this is simply not happening. Turns out those who said its "different" in MA were correct, and you were wrong. Suck it.

    By Anonymous Anonymous, at 11:10 AM  

  • "Turns out those who said its [sic] "different" in MA were correct, and you were wrong. Suck it."

    Hey anona-troll, if you want to use small portions of the graph to jump to conclusions, you at least need to equally consider that it is RI which is "different" (with respect to the US as a whole). Actual research would back that up too.

    By Anonymous Anonymous, at 2:57 PM  

  • Wow, that was petty.

    By Anonymous Anonymous, at 8:17 AM  

  • Thanks fellow anona-troll!

    By Anonymous Anonymous, at 8:39 AM  

  • I enjoy reading your post from time to time. Would it be possible to explain why you feel it is more likely that unemployment in MA will play catch up? It seems like multiple outcomes are possible and the data so far looks most similar to the spread in the early 1980's with the MA unemployment never reaching the heights of RI. I am seeing this wrong?

    By Anonymous Anonymous, at 8:08 PM  

Post a Comment



Links to this post:

Create a Link

<< Home


 
Top Real Estate Blogs Blogarama - The Blog Directory Check Google Page Rank