Industrial Midwest leads job recovery, but national picture spotty
The economic recovery may have stalled in parts of the South and West hit hard by the housing bubble, but Rust Belt states, buoyed by a manufacturing comeback, have seen a steady decline in their jobless rates over the last year.Of the 10 states where unemployment rates dipped the most from May 2010 to May 2011, Rust Belt states - Michigan, Indiana, Ohio, Pennsylvania and Illinois - account for half, according to Labor Department figures.
Locally, metropolitan areas in the five Rust Belt states also accounted for 30 of the top 34 declines in regional unemployment rates since last year.
While these industrial Midwest states and towns have made the biggest strides in reducing their jobless rates, their progress is limited. Many had some of the nation's highest jobless rates during the recession, so their declines reflect not only more people finding jobs, but also the labor-market loss of older manufacturing workers who gave up the job search.
While the national unemployment rate was 9.1 percent in May, jobless rates vary by region and state. While some areas flourish, others continue to falter.
The economy is strongest and unemployment is lowest in the nation's central core, stretching north from Texas and Oklahoma, where the oil and gas industries are thriving, all the way up through Nebraska, North Dakota and South Dakota, which are benefiting from high farm commodity prices and low population growth, which keeps unemployment down.
But among the Gulf of Mexico states of Louisiana, Alabama and Mississippi, unemployment rates either have risen or barely moved since last year. And in California, 11 metro areas have unemployment rates of 15 percent or more, including El Centro, which has the nation's highest jobless rate, 27.9 percent.
From June 2009, when the recession officially ended, to May of this year, 29 states and the District of Columbia saw their non-farm payrolls increase, while 20 others declined. West Virginia's numbers didn't change.
Nevada, which had nation's highest state unemployment rate in May 2010 at 14.9 percent, sliced its jobless rate by a national-best 2.8 percentage points over the last year. But it still owns the nation's highest state unemployment rate at 12.1 percent.
A recent national survey of 18,000 employers by the workforce consulting company Manpower Group found that 20 percent plan to hire in the third quarter of this year, while only 8 percent expect to cut jobs.
Midwest Auto Parts - News
WASHINGTON -- The economic recovery may have stalled in parts of the South and West hit hard by the housing bubble, but Rust Belt states, buoyed by a manufacturing comeback, have seen a steady decline in their jobless rates over the last
An institutional investor rooted in the Midwest has paid $1.34 million for a 6271-square-foot box, net-leased to Advance Auto Parts at Sprayberry Square shopping center. The building sits on an outparcel at 2520 Sandy Plains Rd. The property was
O'Reilly Automotive, Inc. retails and supplies automotive aftermarket parts, tools, supplies, equipment, and accessories. The Company sells its products to do-it-yourself customers and professional mechanics or service technicians.
A 100-lap Shoot out Featuring the Cars & Stars of the ASA Midwest Tour against Chicagolands top Guns along with a full program of VanSenus Auto Parts Turbo stocks, Buys off Broadway Legends and Make It Straight Pure Stocks. A strong field is expected
It was formed in 2007 by the grandson of the founder of O'Reilly Automotive. O'Reilly started here in Springfield in 1957 with one store and now has nearly 4000 retail [auto parts] outlets in North America and will probably do $5.5 billion-$5.7 billion
Midwest All Stars to sanction Lou Blaney Memorial at Sharon ...
CAMARGO, IL. (6-20-11) By Brian Liskai- The O’Reilly Auto Parts Midwest All Star Sprint Series is proud to announce the sanctioning of the Lou Blaney Memorial Race at Sharon Speedway on Tuesday, July 12.
The $3,000 to win 410 sprint race will feature be a NASCAR Sprint Cup drivers’ night at two Sprint Cup champion Tony Stewart, Kasey Kahne and Dave Blaney will participate. Tom’s Sewer and Septic Service Night will also feature a $2,000 to win Big Block Modified feature event.
The Lou Blaney Memorial honors the memory of the hall of famer who passed away in 2009 after a lengthy illness. Lou, the father of three time All Star champion Dale Blaney and Dave Blaney, who began his career in sprint cars and was the 1995 National Sprint Car Driver of the year after winning the Knoxville Nationals, the Historical Big One and Kings Royal at Eldora Speedway and the World of Outlaws Championship. Lou Blaney was as comfortable in a modified as he was a sprint car and had over 500 career victories in a career that spanned 45 years.
“We are deeply honored as an organization to be chosen to sanction a race that honors such a legendary driver and family,” said All Star President Guy Webb. “The Blaney family is one of the most respected and well-liked families in racing and we couldn’t be more proud to be associated with this event.”
On Saturday, July 9, the Midwest All Stars will compete at West Virginia Motor Speedway prior to the Lou Blaney memorial
With two events having been run in 2011, veteran Danny Smith leads the Midwest All Star point standings by just 14 markers over Rob Chaney with Jac Haudenschild, Greg Wilson and Jared Ridge rounding out the top five.
For more information go to www.midwestallstarseries.com or www.sharonspeedway.
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