Unemployment Rate Is Dropping In Most States

Even though the unemployment rate is near 10% nationwide, surprisingly unemployment is dropping in most states. The Department of Labor's statistics show that 37 states have seen their unemployment rate go down. 41 states have seen a net increase in jobs for the month of May. According to Standard & Poor's economist David Wyss, "the band of states between the Mississippi River and the Rocky Mountains are doing relatively well while the worst hit states remain the housing bubble states and manufacturing states around the Great Lakes." This is good news for those that were fearing that our economy was in the midst of a jobless recovery.