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Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them. Business, that's easily defined - it's other people's money.
Unemployment.
Unemployment rates increased in 46 of the 50 states last year, according to an annual report issued Friday by the U.S. Bureau of Labor Statistics. Rhode Island suffered the sharpest increase, 2.6 percentage points. Its average annual jobless rate soared from 5.2 percent in 2007 to 7.8 percent in 2008.
Florida and Nevada were the only other states with increases of two points or more. Florida’s average annual unemployment rate was 6.2 percent last year, up 2.1 points from 4.1 percent a year earlier. Nevada’s 2008 jobless rate was 6.7 percent, up two points from 4.7 percent in 2007.
Arkansas, West Virginia, Wisconsin and Oklahoma were the only states whose annual unemployment rates did not get higher last year. The first three stayed flat, while Oklahoma actually reduced its rate by 0.3 points, from 4.1 percent in 2007 to 3.8 percent in 2008.
The Bureau of Labor Statistics averaged monthly unemployment rates for each state to calculate annual figures. The national average last year was 5.8 percent. Michigan had the highest unemployment rate of any state in 2008, 8.4 percent. It was followed by Rhode Island at 7.8 percent and California at 7.2 percent.
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3 Responses to “Unemployment.”
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Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves. One more thing is in the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later. Remember, a business that makes nothing but money is a poor business.
Keep up the good work.
Thanks Nydia. I will.
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