MNeagle
28th July 2010, 10:21 AM
WASHINGTON (AP) -- The unemployment rate in about three-quarters of the nation's largest metro areas rose last month as seasonal factors boosted joblessness nationwide.
The Labor Department says the unemployment rate rose in 291 of 374 areas in June from May. It fell in 55 areas and was flat in 28.
Unlike other employment data, the figures aren't adjusted to account for seasonal trends, such as college and high school students beginning job searches in the summer or retail clerks let go after the winter holiday shopping season. So the figures tend to be volatile from month to month.
Before June, joblessness fell in most metro areas for three straight months.
Some of the areas with the biggest increases in their unemployment rates are: Tuscaloosa, Ala.; Champaign-Urbana, Ill.; and Alexandria, La.
http://finance.yahoo.com/news/Unemployment-rises-in-75-pct-apf-922210995.html?x=0
The Labor Department says the unemployment rate rose in 291 of 374 areas in June from May. It fell in 55 areas and was flat in 28.
Unlike other employment data, the figures aren't adjusted to account for seasonal trends, such as college and high school students beginning job searches in the summer or retail clerks let go after the winter holiday shopping season. So the figures tend to be volatile from month to month.
Before June, joblessness fell in most metro areas for three straight months.
Some of the areas with the biggest increases in their unemployment rates are: Tuscaloosa, Ala.; Champaign-Urbana, Ill.; and Alexandria, La.
http://finance.yahoo.com/news/Unemployment-rises-in-75-pct-apf-922210995.html?x=0