WASHINGTON, DC—There has been much satisfaction in the steady increase in the US employment rate. In July the US economy added 209,000 jobs, continuing a trend that has been building for many months.

This is not to say there is no reason for concern; long-term unemployment remains a seemingly intractable problem and underemployment seems to be particularly high in a number of states. The national underemployment average is 13.4% but in such states as Nevada and California it is 17.4% and 16.7%, respectively, according to an analysis by 24/7 Wall Street.

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