Full employment states lose ground
Full employment states lose ground as 9 of the 15 states have higher unemployment rates in June than in May. They are : Iowa, Utah, Kansas, Colorado, Maine, Hawaii, Vermont, New Hampshire, and South Dakota.
That is not a good omen for the rest of the year as we move into the months where unemployment tends to rise.
Add on to that some of these states are “contested” in the election that is coming up shortly
The National Unemployment Rate is pro-ported to go but the participation rate is the lowest it has been in the last 30 years. Some analysts say the true unemployment rate is closer to 15% than 5%.
IT Job Market Employment Trends
The IT job market grew last month by 34,200 jobs last month. This more than negates the loss of 19,400 reported for May (adjusted from an orginally reported loss of 27,700 last month). Over the past 12 months 97,200 IT jobs were created according to the lastest BLS data.