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Unemployment numbers climb

July 22, 2011

The U.S. unemployment rate inched up over the last month, going from 9.1 percent to 9.2 percent.

Things are even worse at the state and local level.

Bureau of Labor Statistics data on state-by-state employment in June reveals that total state and local government jobs fell in 39 states over the past year.

Overall state-local government employment is now 2 percent below its level at the start of the recession, while private employment is down 5.8 percent over the same period.

Unemployment charted Dec07-Jun11
The hardest hit state is New Jersey, according to analyses by the Rockefeller Institute of Government at the University of Albany.

Follow-up friday icon Sorry to bring you such a Follow-up Friday downer.

But it does underscore the importance of the this week's tax tip on tax concerns of the unemployed.

Unfortunately, that information might be necessary for a while.

More than 30 percent of unemployed workers in several of the largest states have been out of a job for more than a year.

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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