Discussion Week 2 Chapter 3 - Assignment Example

Unemployment Rates To imperatively discuss the question it is crucial and prime to conceptualize and internalize the unembellished key word unemployment rate which is defined as percentage of the total labor that are looking for work to do and are unable to get one. Three states as identified had the unemployment rates as shown. Nebraska and North Dakota are two of the states with low unemployment rates. The rates were calculated during the month of May 2012.StateUnemployment rateMaryland6.8%Virginia5.

6%District of Columbia 9.3%Nebraska3.9%North Dakota3.0%USA8.2%From the above figures it is evident that the three selected states had got unemployment rates which had significant difference with that of the US. Maryland’s unemployment went up to 6.8% because it shed over 75,000 jobs in May. Jobs in construction industry went down by 4,600,manufacturing went down by 300 jobs, professional and business services saw a job cut of about 3100 jobs with financial sector seeing a decrease of 800 jobs.

Even though it lost all the jobs Maryland’s unemployment rate is still above the national average of 8.2%. Virginias unemployment is quite much lower than the nationals average of 8.2%.This can be attributed to more job creation through new business start ups with the total number of unemployed standing at 241862.Eventhough the DCs unemployment rate is still higher than the national average, the district has added has since 2011 added almost 16,100 jobs. This can be attributed to 200 jobs which were added by the public sector while manufacturing, trade, transportation and other sector adding almost 200 jobs.

ReferenceBureau of Labor Statistics, (2012). Regional and State Employment and Unemployment Summary; Division of Current Employment Statistics; NE Washington DC.