Alaska's seasonally adjusted unemployment rate for May was 7.4%, compared with a national rate of 9.1%. Alaska has long had a higher unemployment rate than the U.S., but in late 2008, the U.S. rate surged past Alaska's. Since then, Alaska's unemployment rate has bounced around the 8% mark, while the U.S. rate has been closer to 10%. Alaska's unemployment rate is lower than 31 other states, so the Alaska Department of Labor suggests that our good job market "likely means more new job seekers" will come to Alaska from other states. For more information, see the July issue of Alaska Economic Trends, published by the Alaska Department of Labor.
Dr. Ralp, a 'fallacious argument' would be where two untraleed things happen and you imply that there is a causal relationship, and thus, are related. Try these relationships on for size:Increase in mandated costs of labor goes up. The costs of labor is a cost used to determine the price of a product. The price of the product must go up if A) the market can bear it or B) the costs must go down if the market won't bear price increases. Unempolyment rates are high, so increased prices won't work. One way to trim costs, and therefore maintain marketshare is to trim the workforce. Don't worry, executives, middle management AND the lowest rung employees all get whacked.Seems more connected than the rooster and the sun to me.So, still not enough to convince you that they're not related? I know in another marathon comment, I had two links - one going to a list showing each state's minimum wage. Another link showed each states unemployment rate. They completely mirrored each other. The highest minimum wage states had the highest unemployment! No rocket science needed here... No shoes causing headaches or roosters making sunrises. More like gravity causing objects to fall.
Posted by: Denisa | Saturday, August 04, 2012 at 06:30 PM