Jobless rates drop in 34 states and DC

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WASHINGTON – Unemployment rates fell in a majority of states last month as improved economic conditions spurred hiring.

The Labor Department said Friday that 34 states and the District of Columbia reported lower jobless rates in April. Six states reported higher rates, while 10 saw unemployment hold steady.

http://news.yahoo.com/s/ap/20100521/ap_on_bi_go_ec_fi/us_state_unemployment

hope it continues...i wonder how the market is going to play out in this...onceler...don't you believe the market is vital in terms of economic recovery...what do you think of the dow's fairly extreme downward trend the past week?
 
Yurt said:
WASHINGTON – Unemployment rates fell in a majority of states last month as improved economic conditions spurred hiring.

The Labor Department said Friday that 34 states and the District of Columbia reported lower jobless rates in April. Six states reported higher rates, while 10 saw unemployment hold steady.

http://news.yahoo.com/s/ap/20100521/ap_on_bi_go_ec_fi/us_state_unemployment

hope it continues...i wonder how the market is going to play out in this...onceler...don't you believe the market is vital in terms of economic recovery...what do you think of the dow's fairly extreme downward trend the past week?
Click to expand...

It's a bummer, Yurtsie! The market no doubt is vital; if the downward trend continues, it will reverse the progress that has been made, and employers will most certainly err on the side of caution when it comes to hiring.

Glad you asked, Yurtsie!
 
Onceler said:
It's a bummer, Yurtsie! The market no doubt is vital; if the downward trend continues, it will reverse the progress that has been made, and employers will most certainly err on the side of caution when it comes to hiring.

Glad you asked, Yurtsie!
Click to expand...

why isn't possible that this downturn is just temporary?
 
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