STOCK MARKET WATCH -- Tuesday, 23 June 2015

[Demeter]

3. Jobless rate jumps in 25 states

http://www.chieftain.com/business/3702183-120/percent-jobs-rate-states

Unemployment rates rose in 25 U.S. states last month, driven higher in many cases by more people who began looking for work but didn’t immediately find jobs.

JUNE GRADUATES, MAYBE?

Rates fell in nine states and Washington, D.C., and were unchanged in 16 states, the Labor Department said Friday.

Despite the pickup in unemployment rates, employers are hiring at a robust pace, boosting job growth in most parts of the country. Thirty-seven states added jobs last month, while 12 states cut jobs. Hiring in Montana was flat.

The state data echoes last month’s national pattern. Employers added 280,000 jobs, yet the unemployment rate ticked up to 5.5 percent from 5.4 percent. That can happen when more Americans start job hunts but aren’t immediately hired. The government doesn’t count people as unemployed unless they are actively searching for work...


- See more at: http://www.chieftain.com/business/3702183-120/percent-jobs-rate-states#sthash.BOB4dWHt.dpuf