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Labor Dept.: Unemployment Fell in 27 States

Friday, 25 Mar 2011 11:24 AM

 Unemployment decreased in 27 U.S. states in February, suggesting a strengthening labor market.

The jobless rate fell the most in Nevada, where it reached 13.6 percent, figures from the Labor Department showed today in Washington. Thirty-five states showed gains in payrolls, led by California with a 96,500 increase and Pennsylvania where employment climbed by 23,700.

The report is consistent with March 4 government figures showing nationwide unemployment in February fell to 8.9 percent as employers added 192,000 workers. Broader payroll gains are needed to bolster consumer spending, the biggest part of the U.S. economy.

“The labor market recovery is starting to accelerate,” Marisa Di Natale, an economist at Moody’s Analytics in West Chester, Pennsylvania, said before today’s report. “We’re going to see strong job growth but it’s going to take a while to absorb everyone who wants a job.”

The economy grew at a 3.1 percent annual rate in the fourth quarter, led by a jump in consumer spending that will be hard to match early in the year as energy prices surge.

The revised increase in gross domestic product compares with a 2.8 percent estimate issued last month, figures from the Commerce Department showed today in Washington.

--Editor: Carlos Torres, Kevin Costelloe

To contact the reporters on this story: Timothy R. Homan in Washington at thoman1@bloomberg.net; Shobhana Chandra in Washington schandra1@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net

© Copyright 2017 Bloomberg News. All rights reserved.

   
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Unemployment decreased in 27 U.S. states in February, suggesting a strengthening labor market.The jobless rate fell the most in Nevada, where it reached 13.6 percent, figures from the Labor Department showed today in Washington. Thirty-five states showed gains in payrolls,...
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Friday, 25 Mar 2011 11:24 AM
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