Saturday, May 22, 2010

Unemployment Falls In 34 States

The U.S. Labor Department made an exciting announcement yesterday morning. According to Federal data the unemployment fell in 34 states – and the District of Columbia – last month. Jobless rates did increase in a few states, and 10 states reported no change.

That compares to last month's gloomy state unemployment report, showing that 24 states suffered jobless rate hikes in March, and rates only eased in 17 states and the District of Columbia.

Annually, the state unemployment landscape is still grim, but getting better, Friday's report showed. Jobless rates rose in 38 states and the District of Columbia from a year earlier. But that's down from a total of 44 states and D.C. reporting rising rates in March.

Last month, the Labor Department's latest national report showed the U.S. economy gained 290,000 jobs in April, the biggest gain in four years. But the unemployment rate crept higher, to 9.9% from 9.7% in the previous month.

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