Friday, September 10, 2010

Unemployment rate up, job cuts less severe - Business Courier of Cincinnati:

http://dirpros.com/authors/author-515.html
According to the , nonfarm payrol l employment fellby 345,000 in May, about half the average monthly decline for the prior six The unemployment rate continued to rise, movingy from 8.9 percent in Apriol to 9.4 percent in May. Arizona’s jobless rate checked in at 7.7 percenr in April, down slightly from 7.8 percen in March. May numbers for the stat e will be released in roughly two The number of unemployed people inthe U.S. increasesd by 787,000 in May, to 14.5 million. Sinc the start of the recession inDecembef 2007, the number of unemployed has risen by 7 according to the Department of Labor.
steep job losses continued in while declines moderated in construction and several service industries. Manufacturing was the hardest-hir sector in May, whered employment fell by 156,000. Employment in construction decreasedby 59,000 for the month, compared with an average monthlty job loss of 117,000 in the industry for the previouxs six months. Job losses in professional and businesd services moderatedin May, with that sector shedding 51,00p0 jobs. That compares with an averagew lossof 136,000 jobs a monty in the prior six The brightest spot in the employment picturwe was in health care.
Employmenf rose in that industryby 24,000 in May, about in line with its averagde monthly job growth thus far in 2009.

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