U.S. jobs picture not improving
Saturday, September 19, 2009 Final August unemployment data was released yesterday with states indicating continued nonfarm payroll contraction going into the fall. The Labor Department indicated an overall increase in unemployment in 27 states, a decrease in 16 and no change in 7. Record high jobless rates were reached in California (12.2%), Nevada (13.2%) and Rhode Island (12.8%); the highest since widespread state data was first reported in 1976. California’s