Monday, August 22, 2011

'US July jobless rate up in 28 states'

The US says that the country's unemployment rate increased in more than half of its 50 states in July.

Source: Press TV

New figures indicate that the US unemployment rate increased in more than half of the country's 50 states last month as the nation is gripped by economic crisis.

The US government said the jobless rate jumped in 28 states and the nation's capital, Washington, in July, VOA reported.

The US economy produced 117,000 new jobs in July, but that was a smaller monthly number than earlier in the year.

About 14 million workers are still unemployed, with millions more working part-time or at lesser jobs than they would like.

The US economy is in a critical situation as the country's national unemployment rate is stuck above 9 percent.

The Labor Department said two western states - California and Nevada - recorded the highest unemployment rates, 12 percent or more. The lowest total - 3.3 percent - was in the midwestern state of North Dakota.

Amid reports of another recession for the US, Wall Street stocks have suffered four weeks of losses because of investor insecurity.

US President Barack Obama is currently on vacation despite the economic hardships of the country.

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