The national unemployment rate for October was 5 percent. “I think it’s possibly gaining a few steam”. “The number of employed in Arkansas is up 37,600 compared to October 2014”.
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Englehart attributed the smaller labor force in part to layoffs in the energy industry related to low oil and natural gas prices.
At the same time, the number of people stuck in part-time jobs who would prefer to work full time has plunged 18 percent in the past year. Moreover, the local economy hasn’t rebounded to the same extent as other areas of Colorado.
Bank of Tokyo Mitsubishi chief financial economist Chris Rupkey circulated an email after the report with the title “Jobs market is literally on fire in most states in the union”. For October, 251 claims were filed in Mesa County, down five from September.
In this October 6, 2015, photo, military veteran Mark Cannon, of Miami, right, talks with Cynthia Carcillo, a veterans outreach representative for Career Source Broward, about employment opportunities at a job fair for veterans, in Pembroke Pines, Fla.
The US unemployment rate has held steady or fallen in each of the last six months, and after October’s solid 271,000 job gains, most analysts expect to see enough strength in November’s numbers upcoming numbers to warrant a Federal Reserve rate hike at the end of December. A recent study by the Census Bureau saw the consumer price index (CPI) rise to 2.5% year-over-year growth, while improvements in housing also indicate growing demand for manufacturing building materials. Over the month, no division had a statistically significant jobless rate change.
Additionally, the Labor Department says weekly applications for jobless benefits dropped 5,000 last week to a seasonally adjusted 271,000.
Tennessee’s unemployment rate continues to decline, Tennessee Labor & Workforce Development Commissioner Burns Phillips announced Thursday afternoon. It was 4.1 percent, down from 4.4 percent in September and decreased from 4.2 percent in October 2014.
Still, total nonfarm payroll employment in New Mexico grew by 0.3 percent, the 38th consecutive month of over-the-year growth.
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The Omaha metropolitan area unemployment rate dropped slightly to 2.9%.
