Tuesday, August 20, 2013

Job market may be slowing down

The Labor Department reported Monday that unemployment  rates increased in 28 states. They remained unchanged in 14 states and fell in 8 states. Hiring increased in 32 states ( July vs. June). Nationally, employers added 162,000 jobs, the fewest since March. The unemployment rate dropped to 7.4%, a 4 year low. Over the past 12 months, western and southern states have seen the largest job growth. Nationally, hiring has been steady this year until this dip in July.

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