Friday, March 25, 2011

Unemployment rises in nearly all metro areas

Unemployment rose in nearly all of the 372 largest U.S. cities in January compared to the previous month, mostly because of seasonal changes such as the layoff of temporary retail employees hired for the holidays.

The Labor Department said Friday that the unemployment rate rose in 351 metro areas, fell in only 16, and was unchanged in five. That's worse than December, when the rate fell in 207 areas and increased in 122.

Other seasonal trends, such as the layoff of construction workers due to winter weather, also contributed to the widespread increase.
read more

No comments:

Post a Comment