Unemployment of 10% Spreads, Risking U.S. Recovery

[Hannah Bell]

Unemployment of 10% Spreads, Risking U.S. Recovery (Update1)

June 19 (Bloomberg) -- More than one-quarter of American states now have unemployment rates higher than 10 percent, and all but two saw a further job-market deterioration in May...

Overall, 48 states and the District of Columbia posted increases in their unemployment rates in May from the prior month. Nebraska was the only one to post a drop, to 4.4 percent from 4.5 percent; Vermont held at 7.3 percent, the Labor Department said.

Payrolls decreased in 12 states in May, led by California with a 68,900 loss, and Florida, where 61,000 workers were dismissed. North Dakota and Alaska reported gains in employment.

Six Million

Nationwide, payrolls fell by 345,000 in May after a 504,000 decline in April, government figures showed earlier this month. The economy has lost 6 million jobs since the recession began in December 2007. The jobless rate reached a 25-year high of 9.4 percent last month.

http://www.bloomberg.com/apps/news?pid=20601103&sid=azM2RehwDv_c

[taught_me_patience]

1. But all I hear is green shoots?

and v-shaped recovery from the MSM. Now back to watching American Idol...

[Hannah Bell]

2. no one cares, apparently.