Georgia Unemployment Lowest in Decade

Georgia Unemployment Lowest in Decade

(All state series begin in 1976.) Alaska had the highest jobless rate, 6.8 percent, followed by New Mexico, 6.4 percent.

Unemployment rates were lower in June in 10 states, higher in 2 states and stable in 38 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today.

Jobless claims generally have hovered near four-decade lows in recent months, suggesting that employers are holding on to workers.

A separate survey of employers found that seasonally adjusted non-farm payrolls rose by 6,100 in June, to nearly 5.94 million.

Friday's figures are preliminary and could change.

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Since there's been a great deal of discounting the importance of the labor force participation rate and the employment level given baby boomers growing older, let's consider the 25-54-year-old population, that is, individuals in prime working years. The over-the-year job growth rate in Florida has exceeded the nation's rate since May 2012. Although there were gains in the manufacturing and construction sectors, those were more than offset by losses in the service sector, especially business and professional services. "As of now, we are only two-tenths of a percentage point away from catching up to the national unemployment rate", said Governor Kay Ivey.

In comparison with June 2016, total non-farm jobs have expanded by 9,800. Consistent hiring has helped sustain the gradual recovery, although the expansion is starting to show its age as the pace of job gains has slowed this year. Since June 2016, this sector is up by 8,100 jobs. Health care and social assistance employment dropped by 1,700 jobs. The rates in North Dakota (2.3 percent) and Tennessee (3.6 percent) set new series lows.

Mining and logging decreased by 100 jobs in June 2017. The labor force consists of employed residents and those who are unemployed, but actively looking for jobs.

"Miami-Dade has more exposure to worldwide markets, and definitely past year but even now it's been a weak global environment", he said. The District of Columbia has a 6.2 percent unemployment rate.

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