Unemployment rates fell in 20 US states last month, while three-quarters added jobs
WASHINGTON - Unemployment fell in 20 states last month and nearly three-quarters of the states added jobs, as the nation at large posted a fourth straight month of solid hiring.
The Labor Department says unemployment rates rose in 16 states and were unchanged in 14 states. Meanwhile, hiring rose in 36 states and declined in 14.
The biggest drops in unemployment rates occurred in Illinois, where the rate fell to 7.5 per cent from 7.9 per cent, and Massachusetts, where it fell to 5.6 per cent from 6 per cent. Georgia reported the largest increase, to 7.2 per cent from 6.9 per cent.
Nationwide, employers added 217,000 jobs in May, the fourth straight month of gains above 200,000. That's the first such stretch since 1999. The unemployment rate remained at 6.3 per cent, matching a five-year low.
Read more Business News
- A letter from the LCBPenticton / S. Okanagan
- City, CUPE break off talksKelowna
- Sh*t Parkers of KelownaKelowna
|QHR Technologies Inc||1.22||+0.02|
|Anavex Life Sciences||0.26||-0.0075|
|Copper Mountain Mining||2.83||-0.03|
|Sunrise Resources Ltd||0.03||-0.005|
|Mission Ready Services||0.15||-0.005|
Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...
The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...
Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...