Endless Summer for Unemployment

Monday, September 19, 2011
By Paul Martin

By John Harrison
Portfolio.com

In August, the number of states that saw unemployment rise was more than double the number that saw it fall, according to a report today from the Labor Department.
Unemployment rates increased in 26 states, marking the third straight month they have risen in a majority of states, while rates remained constant in a dozen states and dropped in the remaining dozen. Nationwide, the economy failed to add any net jobs and the unemployment rate remained stagnant at 9.1 percent.
Nevada (13.4 percent) remains the most out-of-work state in the country for the fifteenth month running, while North Dakota boasts the lowest unemployment rate (3.5 percent). New York lost the most jobs as 22,700 disappeared in August.

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