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“Unemployment rates rose and nonfarm employment fell in all 50 US states and the District of Columbia in April,” the US Bureau of Labor Statistics said on Friday.

“Nevada had the highest unemployment rate in April at 28.2% and 43 states set series highs,” the BLS further noted in its statement. “Three largest state job losses in April were California (-2.3 million), New York (-1.8 million), Texas (-1.3 million).

Market reaction

This statement was largely ignored by the market participants. As of writing, the Dow Jones Industrial Average was down 0.6% on the day while the S&P 500 was losing 0.32% at 2,939 points.