Swing state Nevada holds the highest unemployment rate in the country. Latest numbers from July show that Nevada’s jobless rate rose to 12%. Rhode Island and California came in 2nd and 3rd at 10.8% and 10.7%, both significantly above the national average. California employers, however, added a net 25,200 jobs in non-farm sectors and continued the 12-month trend of job gains, and these gains were most noticeable from business, education and health service industries. New Jersey’s July unemployment rate came out to be 9.8%, that’s a 0.2% gain and a reverse trend from the previous two months’ strong jobs growth in the private sector. 9.8% is a 35-year high for New Jersey, even though it’s closer to the national average than many others. Its neighbor New York also had a 0.2% increase, and we’re looking at a flat 10% here in New York City. For more news and updates, keep it right here at the Financial News Network. I’m Julia Sun, follow us online for more news on the go.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...