Unemployment Up in 75% of Metro Areas
August 2, 2010 by admin
Filed under Career News and Advice
By Christopher S. Rugaber, AP Economics Writer
WASHINGTON (AP) — The unemployment rate in about three-quarters of the nation’s largest metro areas rose last month as nearly one million teenagers entered the work force looking for summer jobs.
The Labor Department said Wednesday that the unemployment rate rose in 291 of 374 areas in June from May. It fell in 55 areas and was flat in 28. That reverses the trend of the previous three months, when joblessness fell in most metro areas.
But the report does not adjust the figures to take into account seasonal trends, such as high school or college students looking for work during the summer. As a result the figures tend to be volatile from month to month…
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