Unemployment Rises In All U.S. Metro Areas

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

Wednesday, April 1, 2009

Unemployment rates moved higher in all of the nation's largest metropolitan areas in February.

The government says Indiana's Elkhart-Goshen and North Carolina's Hickory-Lenoir-Morgantown regions registered the biggest annual increases.

The U.S. Labor Department reports that all 372 metropolitan areas tracked saw their jobless rates rise in February from a year earlier.

Elkhart-Goshen and Hickory-Lenoir-Morgantown were both hammered by manufacturing layoffs.

Eklhart-Goshen's jobless rate soared to 18%, up 12.5 percentage points. The area has been battered by layoffs in the recreational vehicle industry. RV makers Monaco Coach, Keystone RV and Pilgrim International have cut hundreds of jobs.

The unemployment rate in Hickory-Lenoir-Morgantown, hit by layoffs at furniture makers, jumped to 15.7%, a 9.3 percentage point increase.

Fallout from housing, credit and financial crises — the worst since the 1930s — is forcing companies to lay off workers and resort to other cost-saving measures to survive the recession.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 42270717