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Jobless Rates Decrease in 37 U.S. States [View all]
Jobless Rates Decrease in 37 U.S. States
By Timothy R. Homan
Unemployment dropped in 37 U.S. states in December, indicating the improvement in the job market is broad based as the economy picks up.
Alabama showed the biggest decrease in joblessness, with its rate falling to 8.1 percent last month from 8.7 percent in November, a report from the Labor Department showed today in Washington. Payrolls increased in 25 states, led by Texas.
Further employment gains put consumers in a better position to boost household spending, the biggest part of the world’s largest economy. U.S. employers added 200,000 workers in December and the unemployment rate unexpectedly fell to 8.5 percent, the lowest since February 2009, the Labor Department reported on Jan. 6.
“We are probably on the cusp of an important turning point in the labor market,” said Carl Riccadonna, a senior U.S. economist at Deutsch Bank Securities in New York. “Businesses have been straining their workforces to squeeze out more output, but that can’t go on indefinitely. They have to add more workers. This is finally happening.”
- more -
http://www.bloomberg.com/news/2012-01-24/payrolls-rose-in-25-u-s-states-in-december-while-jobless-rate-fell-in-37.html
By Timothy R. Homan
Unemployment dropped in 37 U.S. states in December, indicating the improvement in the job market is broad based as the economy picks up.
Alabama showed the biggest decrease in joblessness, with its rate falling to 8.1 percent last month from 8.7 percent in November, a report from the Labor Department showed today in Washington. Payrolls increased in 25 states, led by Texas.
Further employment gains put consumers in a better position to boost household spending, the biggest part of the world’s largest economy. U.S. employers added 200,000 workers in December and the unemployment rate unexpectedly fell to 8.5 percent, the lowest since February 2009, the Labor Department reported on Jan. 6.
“We are probably on the cusp of an important turning point in the labor market,” said Carl Riccadonna, a senior U.S. economist at Deutsch Bank Securities in New York. “Businesses have been straining their workforces to squeeze out more output, but that can’t go on indefinitely. They have to add more workers. This is finally happening.”
- more -
http://www.bloomberg.com/news/2012-01-24/payrolls-rose-in-25-u-s-states-in-december-while-jobless-rate-fell-in-37.html
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