Thursday, August 4, 2011

Unemployment rose in nearly all US cities

Unemployment rates rose in more than 90 percent of U.S. cities in June, mirroring a national slowdown in hiring.

The Labor Department said Wednesday that unemployment rates rose in 345 large metro areas. They dropped in 20 cities and were unchanged in seven. That's worse than May, when rates rose in only 210 cities. And it is a sharp reversal from April, when unemployment rates fell in nearly all metro areas.

The biggest increase was in Joplin, Mo, which was hit by a major tornado on May 22. The city lost 9,400 jobs in June, and the unemployment rate jumped nearly 2 percentage points, to 9.6 percent.

Click on the following for more details:  http://finance.yahoo.com/news/Unemployment-rose-in-nearly-apf-3394283988.html?x=0&sec=topStories&pos=5&asset=&ccode=

No comments: