Thursday, July 22, 2010

Joblessness is down in 39 states, but few jobs are being created

A decline in unemployment in 39 U.S. states and the District of Columbia last month is another sign that job seekers are giving up the hunt, not that the labor market is strengthening, experts said. Only 21 states posted a net job gain in June, compared with 41 in May, the Labor Department said. Nationwide, private employers added 83,000 workers.

Another sign of a failure of current US economic policy.

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