01 Apr
Jobless rates rise in all US metro areas in Feb.
Unemployment rates rose in all of the nation’s largest metropolitan areas for the second straight month in February.
The U.S. Labor Department reported Wednesday all 372 metropolitan areas tracked saw their jobless rates rise in February from a year earlier. Indiana’s Elkhart-Goshen and North Carolina’s Hickory-Lenoir-Morganton, both hammered by manufacturing layoffs, registered the biggest annual increases.
The U.S. unemployment rate rose to 8.1 percent in February, the highest in more than 25 years. Economists predict the national jobless rate will climb to 8.5 percent in March. The government releases that report on Friday. It will probably hit 10 percent by year-end even if the recession were to end later this year, they said.
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