Unemployment rates jump 0.7 to 0.8 percent locally following Christmas

14 March, 2018, 06:26 | Author: Martin Tyler
  • AR Unemployment Holds Steady at 3.7 Percent

Michael Walden, an economics professor at N.C. State University, said the rate increases likely came from "individuals moving back into the labor force and looking for jobs - and therefore being classified as unemployed until they find a job".

Almost all Wiregrass counties experienced an increase of 0.7 or 0.8 percent in unemployment rates in January, according to figures the Alabama Department of Labor released Monday. Florida's unemployment rate remains unchanged from a revised 3.9 percent in December, with 397,000 Floridians out of work, out of a workforce of 10.2 million.

Maine's unemployment rate has been below 4 percent for 26 consecutive months, the longest period since the current method of measuring the rate was implemented in 1976, the department said. Alaska had the highest, at 7.3 percent. So those states have not enjoyed unemployment so low in at least 42 years.

Looking at the December-to-January numbers areawide, most counties had increases in their jobless rates ranging from four-tenths of a percentage point to a full point.

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The rate ticked down slightly from January 2017, when the rate was 3.1 percent.

Nonfarm payroll jobs in Arkansas decreased 22,000 in January to total 1,222,900.

When people stop looking for work, they are no longer considered unemployed for the objective of calculating the jobless rate, thus lowering the rate.

"While original estimation showed the number of employed Arkansans declined previous year, revised 2017 estimates have been released and now indicate employment trended up throughout 2017".

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Most of 2017 brought good news for Flagler County on the unemployment front, with employment rising by about 1,300, the labor force adding about 1,000 working-age people, and unemployment falling by about 700 overall.

Jobs in professional and business services rose by 2,100, mostly in administrative and support services (3,000) while management of companies declined (1,300). The February report will be released on March 23.

Unemployment in Cass County continued to reach extraordinary lows in the first month of 2018, data released on Monday indicated.

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