Friday, June 17, 2011

Unemployment fell in fewer than half US states

The AP reports:
Unemployment rates fell in fewer than half of U.S. states, evidence that slower hiring has affected many parts of the country.
The unemployment rates in 24 states dropped, the Labor Department said Friday. Rates rose in 13 states and Washington, D.C, and were flat in 13. That's a significant decline from April, when 39 states reported falling unemployment rates.
And only 22 states reported a net gain in jobs in May, while 27 states lost jobs. That's much worse than April, when 42 states gained jobs.
The changing trend in state unemployment rates reflect a weaker economy that has been hampered by high gas prices and lower factory output. Nationally, employers added a net gain of only 54,000 jobs in May, compared to an average of 220,000 per month in the previous three months. The U.S. unemployment rate ticked up to 9.1 percent.
Ouch.