Courtesy of ZeroHedge. View original post here.
Submitted by Tyler Durden.
According to Bloomberg's rankings (based on wealth disparity, average unemployment benefits, and overall unemployment pool), and somewhat confirming the food-divide discussion we had last night, the following states are the worst to live in if you are unemployed. Connecticut tops the list with its massive wealth disparity – more than one $200,000 household for every household earning less than $10,000. New York, California, and D.C. are close behind with Oregon and Alabama in 19th and 20th 'worst' place to be unemployed. Welcome to the bifurcated un-recovery.
Methodology
Bloomberg Rankings used three criteria to identify the worst states to be unemployed: income replacement, or average unemployment benefits (as of the 2Q 2012) as a percentage of median state income per capita; unemployment pool, or how states stack up on unemployment, using October 2012 rates; and wealth disparity, the ratio of households with incomes of at least $200,000 to those with incomes of less than $10,000, according to the most recently available data from 2009. Each state was ranked on the three criteria and the ranks were averaged.
Source: Bloomberg Briefs
