Qld jobs rate climbs to 6.2 per cent

Mathew BarnettJan 21, 2017

Despite the declines, the state's unemployment rate fell three-tenths of a point to 4.4 percent, a full percentage point lower than it was a year ago. Unemployment nationally fell sharply last month, too, from 5.3 percent to 4.7 percent. Extrapolations by the state's employment economists show a sub-10 percent U-6 rate in 1998, but in general, the jobs picture in OR has never been brighter than it is now.

Four of Connecticut's 10 industry super-sectors recorded job gains in December led by education and health services, which was up 800 positions. Only one major industry had a substantial job loss, as transportation, warehousing and utilities cut 500 jobs.

New claims for unemployment insurance also rose in December, climbing 18.7 percent since November. If the Great Recession of 2008-09 was an outlier, the next economic downturn could bring job losses more comparable to those of the lesser recessions that preceded it - painful, but not ruinous.

Today's labour force data is a mixed bag, with reasonable jobs growth (including in full-time jobs) but another tick higher in the unemployment rate, to 5.8%.

The statewide number of unemployed people dropped by 3,500 in December versus the previous month.

New Mexico's unemployment is down. Over the year, Construction added 8,800 (+6.1%) jobs.

Commsec senior economist Savanth Sebastian said the strength in commodity prices was a positive and should support an improvement in employment across the resource states in the coming months.

Civilian labor force statistics include nonmilitary workers and unemployed Kentuckians who are actively seeking work.

Hiring in Pennsylvania remained stagnant, with a survey of employers finding that seasonally adjusted non-farm payrolls shrank by 1,200 in December.

Metro area data released Thursday showed the Columbus metro area adding 1,400 jobs since December 2015, with the area now standing at a total job count of 124,300. During the year, Manufacturing gained 900 (+0.4%) jobs.

Government lost 4,700 (-1.0%) jobs in December.

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