Thursday, January 21, 2010

Some good news?

Amidst a "econowash" of  news clinging to desperate hopes, there is some good economic (sort of) news...But first, the hard truth, Bankruptcies and Unemployment are up in Whatcom County and the rest of the nation (bankruptcies(1), bankruptcies(2), unemployment).  Tyler Durden at ZeroHedge has a great chart accompanying his blog post illustrating the recent increase in insured unemployment that is not seasonally adjusted.

However, I found some good news.   The organization Pro Publica has done a report that shows that "Two Dozen States’ Unemployment Funds in the Red, Nine More Within Six Months".   Pro Publica's report shows that Washington State currently is the most solvent of any unemployment fund!  To see this, simply sort their excellent graph by "Trust Fund Balance".   Well, there is $2.8 B of government funding that will soon be well spent!

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