unemployment rate rose to 21 and Payrolls fell in 28 U.S. states

North Carolina led the nation with 12,500 job cuts last month, followed by Massachusetts, with 8,600 layoffs, and Ohio in 7800, the Labor Department figures showed today in Washington. Unemployment increased more in Georgia and Idaho, while workers in Nevada are facing the highest rate in the country at 14.3 percent.

Payrolls fell in 28 U.S. states and the unemployment rate rose to 21, showing most of the world's biggest economy took part in the back in November in the labor market.


The report is consistent with the December 3 figures showed that unemployment rose last month for the first time since August. The commitment of the Federal Reserve to buy an additional $ 600 billion of Treasuries in June and the $ 858,000,000,000 bill passed by Congress extending all the Bush tax cuts-was for two years, can help boost growth and reduce unemployment.

The report shows "an unequal distribution of improvement with some disappointing results," said Russell Price, an economist at Ameriprise Financial Inc. in Detroit. "We've been pretty clear evidence that demand is starting to improve and the tax program that was approved Monday night should be accelerated. That increased demand will drive forward further improvements in employment."

Main Index

Another report showed the economy is about to be harvested in 2011. The index of leading economic indicators increased 1.1 percent in November, the biggest gain in eight months, the Conference of New York, said today.

After Nevada, the unemployment rate was higher in California and Michigan by 12.4 percent, today's report from the Labor Department showed. Michigan, part of the so-called Rust Belt manufacturing, saw its unemployment rate fell 0.4 percentage points, leading to the lowest level since February 2009 as the labor force fell by 19,500 workers.

Yahoo! Inc., owns the largest U.S. Web portal, is one of the companies are still cutting payrolls. The company is cutting about 600 jobs, or about 4 percent of its workforce, part of an effort to answer almost two years. The notification process was launched on 14 December and most of the cuts will come from the product, said Kim Rubey, a spokeswoman for Sunnyvale, California, Yahoo.

Unemployment in North Dakota, the lowest in the U.S., was unchanged at 3.8 percent.

November Payrolls

December 3 Labor Department report showed payrolls rose 39,000 in November, and the unemployment rate rose to 9.8 percent, the highest since April .

State and local employment data are derived independently of national statistics, which are usually released the first Friday of each month. The state figures are subject to large sampling errors because they come from small studies, so the most reliable national figures, according to the Bureau of Labor Statistics of the Government.

Today's report showed Texas led the states with the greatest gains in payroll that employers added 19,100 workers. New Jersey was second with an increase of 10,000.

The unemployment rate held at 9.2 percent in New Jersey, rose to 8.3 percent from 8.2 percent in New York, and fell to 9 percent from 9.1 percent in Connecticut .

Unemployment in Georgia increased by 0.3 percentage points to 10.1 percent in November after having fallen in the past two months. Idaho rate climbed at the same rate to 9.4 percent, just below the nearly three-decade high of 9.5 percent reached in February.