April 30, 2017

ME unemployment rate lowest since 2001

16 March 2017, 12:39 | Ignacio Smith

NM unemployment worst in the nation

A construction worker on the job in mid January 2017 in Bridgeport Conn. The state had among the sharpest drops in unemployment in the nation that month compared to January 2016 according to new U.S. Bureau of Labor Statistics estimates published Monday

Nationally, the seasonally adjusted unemployment rate was 4.8% in January, compared to 4.7% in December. The U.S. annual payroll jobs growth rate in 2016 was 1.8 percent.

Lee County had the fifth best unemployment numbers with Madison, Cullman, Elmore and Shelby counties having lower numbers.

The seasonally-adjusted Vermont data for January shows the Vermont civilian labor force increased by 900 from the prior month's revised estimate.

In January, Rochester's unemployment rate remained unchanged at 5.2 percent, but the region lost 2,600 non-farm jobs, or 0.5 percent, while the private sector lost 1,100 jobs, or 0.2 percent. The Buffalo Niagara region added jobs at a 1 percent annual pace a year ago - the fastest pace since 1999 - according to revised data released last week by the Labor Department.

Maine's 3.5 percent January jobless rate was well below the national rate for the month of 4.8 percent. Total payroll employment in the state rose to 2,626,200 jobs, according to a survey of employers. However, a higher labor force participation rate generally means a larger economic base, reflecting a more prosperous overall economy.

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The Labor Department, which usually updates its labor force data at the same time it releases the unemployment rate, did not release January labor force statistics on Tuesday, with most state workers told to stay home because of the snowstorm. Average weekly earnings were up over the year by $21.08.

Owen County leads the pack of south-central IN area counties that showed improvement over January 2016's unemployment numbers IN the most recent state unemployment report.

Employment in other service, including repair-maintenance services and membership organizations, rose by 1,900.

Employment information for February is scheduled for release March 24.

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