The number of states losing jobs was 21. Twenty-seven states saw their unemployment rates rise while it fell in 11 states and remained the same in 12. These numbers show the unevenness of the economic recovery, particularly in reference to job growth.
 
Overall, new workers were added at the slowest pace since the first quarter of 2010. The lack of diversity in regional economies places them at risk for cyclical swings according to a Wells Fargo analyst.
 
Even the private sector reported weaker job growth last month, coming in at the lowest growth rate in 10 months.
 
Fed chairman Ben Bernanke calls the unemployment situation an enormous problem. He says growth is not expected to be high enough to absorb new job seekers and will cause job growth to continue its stubbornly slow recovery rate.

This Website Is For Financial Professionals Only

Why Join Advisors4Advisors from Advisors4Advisors