Tuesday, September 20, 2011

Employment news

According to the U.S. Dept of Labor Economic News release of Sept. 16, 2011, the national jobless rate for the month of August 2011 remained unchanged at 9.1 percent but was 0.5 percentage point lower than a year earlier. For the month; we noted that twenty-six states reported rate increases, twelve states reported decreases, tand he remaining twelve states reported no rate change.  

Non farm employment over-the-year results as follows:  25 states experienced statistically significant changes in employment, 24 of the 25 were increases.  The largest increases occurred in TEXAS (+232,200), followed by California (+171,300), New York (+83,400), and Michigan (+79,800).  The only state with an over-the-year statistically significant decreases in employment was Georgia (-29,500).

For the Month of August; Texas unemployment rate stand at 8.5% , California at 12.1%, Michigan at 11.2%, and New York at 8.0%.

The Metropolitan area employment and unemployment news release for August is scheduled to be released on Wednesday, Sept. 28.  
Source: US Bureau of Labor Statistics 

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