CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Ask the Mole Best Places to Retire Big Tech Blog Techland Blog Sectors and Stocks Fortune 500 Techs Tech Talk 100 Best Places to Launch Ultimate Resource Guide Small Biz Makeovers FSB 100 Ask & Answer Fortune 500 Technology Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
SPECIAL REPORT

Monthly job losses cut across 41 states

More than 80% of states reported jobs disappearing in September, with Michigan suffering the highest losses, according to a government report.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Lara Moscrip, CNNMoney.com contributing writer

Is the worst of the stock market meltdown over?
  • Yes
  • No

NEW YORK (CNNMoney.com) -- The number of states suffering monthly job losses more than doubled in September, with Michigan losing the greatest number of jobs, according to a government report released Tuesday.

Private sector and government jobs fell in 41 states and the District of Columbia last month, the Labor Department said. By comparison, only 18 states reported monthly job losses in August.

The widespread job losses are a sign of a recession, said Bob Brusca, an economist at Fact and Opinion Economics in New York.

"You expect to see job losses across the board, across the country," Brusca said.

The numbers released Tuesday underline the grim condition of the nation's job market.

Earlier this month, the Labor Department reported that net payrolls nationwide declined by 159,000 in September, the ninth straight month the U.S. economy has lost jobs. The unemployment rate remained unchanged from the prior month at 6.1%.

Eleven states reported jobless rates higher than the national average. Rhode Island posted the highest at 8.8%, an increase from 8.5% in August. Michigan had the second highest rate, 8.7%, which fell from 8.9% the month before.

Michigan lost 28,300 jobs in September and has lost 77,900 jobs in the past year. Georgia lost the second greatest number of jobs - 22,300 - down 61,100 over the past year. Louisiana shed 17,500 jobs in September, a figure not 'substantially' affected by Hurricane Ike, according to the report.

Michigan, home to the country's auto industry, has reported job losses as auto manufacturing plants close and automakers discuss mergers. Just last week, General Motors (GM, Fortune 500) announced that it would close a metal stamping plant near Grand Rapids, Mich., by the end of next year, costing about 1,340 hourly jobs.

Brusca said it's not surprising that Midwestern states have shed a high number of jobs.

"The Midwest has been having more trouble with jobs, that's where manufacturing industries are concentrated," Brusca said. "With the treacherous situation with the auto industry, it'd be surprising if they didn't report job loses," he said.

Nine states posted job gains. Missouri, the state reporting the largest monthly increase in employment, added 3,800 jobs. It was followed by Nebraska, Wyoming, West Virginia and Virginia. To top of page

Features
  • credit_cards.04.jpg
    All credit cards are not created equal. From 7.2% to cash back, 6 great deals. More
  • chart_stimulus_pie.04.gif
    With the stimulus underway and unemployment rising, economic leaders weigh in. More
  • ryan_connors.04.jpg
    Thanks to sinking home prices, these 5 homebuyers were able to score deals in prime areas. More
  • jaguar_xj_3.04.jpg
    A new top-of-the-line luxury sedan -- the finishing touch on a troubled brand's make-over. More
  • n_ss_gm_ceo_full.cnnmoney.160x90.jpg
    CEO Fritz Henderson says GM will focus on customer needs and making first-rate cars. Play
  • ford_battery_electric_vehicle.04.jpg
    Nissan, GM and Ford are placing their bets in the high-stakes game of electric driving. More
  • obama_official_portrait.04.jpg
    Not even ultra-dapper President Obama could help Hartmarx, the Chicago-
    based clothing maker. More
Markets Last Change
Dow Jones 8,146.52 -36.65 / -0.45%
Nasdaq 1,756.03 3.48 / 0.20%
S&P 500 879.13 -3.55 / -0.40%
10-year Bond 98 16/32 Yield: 3.30%
U.S.Dollar 1 euro = $1.394 -0.009
July 10, 2009 4:03 PM ET
CompanyPrice% Change
General Motors Corp 1.16 37.99%
American Intl Group Inc 11.80 24.47%
CIT Group Inc 1.55 -16.66%
YRC Worldwide Inc 1.31 -12.08%
Jul 10 3:56pm ET †
More Galleries
The 10 dumbest iPhone apps The iPhone App Store launched a year ago with 500 applications. Today it has more than 55,000. Some are useful - many are plain stupid. With help from Krapps.com's Alex Miro, we've picked out some of the dumbest. More
New GM's new cars GM is launching a slate of new products. Can they give a lift to the auto giant as it enters a new era? More
Barbie gets a makeover As Barbie celebrates her 50th anniversary, middle age may be her time to shine (again). More

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.