Unemployment fell in half of US states in May - Dallas News | myFOXdfw.com

Unemployment fell in half of US states in May

Posted: Updated:

AP Economics Writer

WASHINGTON (AP) -- Unemployment rates fell in half of U.S. states last month, led by drops in California, West Virginia, New York and Hawaii.

The Labor Department said Friday that unemployment rates rose in 17 states and were unchanged in eight.

Hiring has been steady nationwide, leading to a better job market in many areas of the country. Employers added jobs in 33 states last month. The biggest gains were in Ohio, Texas and Michigan.

The unemployment rate dipped in the Northeast to 7.5 percent from 7.6 percent, and fell in the West to 7.8 percent from 8 percent. It was flat in the Midwest at 7.2 percent and edged up in the South to 7.2 percent from 7.1 percent.

California and West Virginia had the largest declines in unemployment among all states. In California, the rate dropped to 8.6 percent from 9 percent in April. West Virginia's rate fell to 6.2 percent from 6.6 percent.

Both states reported job gains.

California has also seen the largest drop in unemployment among the states in the past 12 months. Its rate fell 2.1 percentage points from May 2012. Nevada's decline of 2 percent was the second largest.

New York and Hawaii also had significant declines in May from April. New York's unemployment rate dropped to 7.6 percent from 7.8 percent, while Hawaii's fell to 4.7 percent from 4.9 percent.

North Dakota had the nation's lowest unemployment rate at 3.2 percent.

Nevada had the highest at 9.5 percent. It was followed by Illinois and Mississippi, each at 9.1 percent.

Nationally, the economy added 175,000 jobs in May, nearly matching the average monthly gain for the past year. The unemployment rate ticked up to 7.6 percent from 7.5 percent, but for a good reason: More Americans were confident they could find work and began searching for a job.

The Federal Reserve on Wednesday offered a brighter outlook for the job market and economy. And Chairman Ben Bernanke said the Fed is likely to slow its bond-buying program later this year and end it next year if the economy continues to strengthen.

Fed officials now expect the unemployment rate to fall as low 7.2 percent this year and between 6.5 percent and 6.8 percent by the end of 2014.

  • Your MoneyMore>>

  • Business is good at Coney Island

    Business is good at Coney Island

    Friday, August 29 2014 10:22 PM EDT2014-08-30 02:22:32 GMT
    From the brand-new Thunderbolt roller coaster to the world-famous boardwalk, tourists and business owners alike say Coney Island had a great ride of its own this summer. Toms Coney Island's general manager Vasilios Tourlokas says the mild summer impacted his boardwalk business in the best way possible: a 10 to 15 percent increase.
    From the brand-new Thunderbolt roller coaster to the world-famous boardwalk, tourists and business owners alike say Coney Island had a great ride of its own this summer. Toms Coney Island's general manager Vasilios Tourlokas says the mild summer impacted his boardwalk business in the best way possible: a 10 to 15 percent increase.
  • NYC Denny's features $300 breakfast

    NYC Denny's features $300 breakfast

    Friday, August 29 2014 4:04 PM EDT2014-08-29 20:04:13 GMT
    Diner chain Denny's is opening it's first New York City location, complete with a big-city "deal".   How does a $300 breakfast sound?    The Denny's is located at the corner of Nassau and Spruce in Lower Manhattan's Financial District.  Along with its normal food you can get at just about any location in the rest of the country, this location will offer a Grand Slam breakfast with a bottle of 2003 Dom Perignon champagne.
    Diner chain Denny's is opening it's first New York City location, complete with a big-city "deal".   How does a $300 breakfast sound?    The Denny's is located at the corner of Nassau and Spruce in Lower Manhattan's Financial District.  Along with its normal food you can get at just about any location in the rest of the country, this location will offer a Grand Slam breakfast with a bottle of 2003 Dom Perignon champagne.
  • Some Showboat workers get new jobs within company

    Some Showboat workers get new jobs within company

    Friday, August 29 2014 2:54 PM EDT2014-08-29 18:54:36 GMT
    More than 470 of the 2,000-plus workers at Atlantic City's Showboat Casino Hotel have found new jobs with other casinos owned by its parent company. The Showboat is shutting down Sunday afternoon after 27 years on the Boardwalk.
    More than 470 of the 2,000-plus workers at Atlantic City's Showboat Casino Hotel have found new jobs with other casinos owned by its parent company. The Showboat is shutting down Sunday afternoon after 27 years on the Boardwalk.
Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices