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Economy

Employment Declined In 42 States Last Month

The experts always say that employment "lags" behind other economic indicators, so let's hope this just-released news is not a sign that the economy's still on the downslope rather than slowing moving up:

"In August, nonfarm payroll employment decreased in 42 states and the District of Columbia and increased in 8 states," the Bureau of Labor Statistics says. In July, 25 states lost jobs.

Here's where things were worse and better in August, BLS adds:

The largest over-the-month decrease in the level of employment occurred in Texas (-62,200), followed by Michigan (-42,900), Georgia (-35,000), and Ohio (-30,100). Hawaii and Michigan experienced the largest over-the-month percentage decreases in employment (-1.1% each), followed by Georgia and Mississippi (-0.9% each), North Dakota (-0.8%), and Alabama (-0.7%).

The largest over-the-month increases in employment occurred in North Carolina (+7,000), Montana (+5,100), and West Virginia (+2,800). Montana (+1.2%) experienced the largest over-the-month percentage increase in employment, followed by West Virginia (+0.4%) and North Carolina (+0.2%).

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