Wednesday, June 29, 2011

Unemployment rises in more than half of US metros

Unemployment rates rose last month in more than half of the nation's largest metro areas, driven higher by weak private-sector hiring and natural disasters. The unemployment rate increased in 210 metro areas in
May, the Labor Department said Wednesday. It fell in 131 cities and
remained unchanged in 37.

That's a sharp reversal from April, when
unemployment rates dropped in more than 90 percent of metro areas.
Nationwide, the unemployment rate ticked up in May to 9.1 percent and
employers added just 54,000 net jobs. Employers added an average of
220,000 jobs per month


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