Wednesday, June 2, 2010

Jobless Rate Rises in Most U.S. Cities

From the Wall Street Journal:
The job market in April was tougher than a year ago in hundreds of U.S. metropolitan areas, according to data the U.S. Labor Department released Wednesday.

The unemployment rate in April was higher than a year earlier in 291 of the 372 metropolitan areas covered by the Labor Department report...

The national unemployment rate in April was 9.5%, not seasonally adjusted. But 14 areas—11 of which were in California—reported unemployment rates of at least 15%...

300 metropolitan areas in April reported year-over-year decreases in nonfarm payroll employment. Eight regions were unchanged. While unemployment rate data is derived from household surveys, the nonfarm payroll data comes from payrolls...

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