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DE jobless rate hit 8-year low in May
Both were unchanged from April.
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Nebraska’s preliminary unemployment rate in May was 3 percent – the fifth straight month at that figure, a new state report said Friday.
The Illinois unemployment rate fell to 6.4 percent in May, the first decline in seven months, but the dip was due to a diminishing workforce. That’s a fairly minor blip – though it allowed the state to boast job growth in 13 of the last 14 months. During the month, some 484,000 jobs were created, decreasing the number of people unemployed nationwide by 484,000 to about 7.4 million.
If the next seven months continue at that pace, DE employment would be up by 30,000 for the year. Colorado, with a booming software and information technology sector, boasts an unemployment rate of just 3.4 percent.
The states unemployment rate declined from 5.3 percent in April and 6.4 percent in May 2015. The state with the highest rate is Alaska at 6.7 percent, followed by IL at 6.4 percent and Louisiana at 6.3 percent.
Unemployment rates dropped to new lows in May for many states, but West Virginia’s jobless rate remains among the highest in the nation.
This is the lowest Orangeburg County’s rate has been since April 2008, according to the U.S. Bureau of Labor Statistics.
Texas has added only 200 nonfarm jobs in May. The Current Employment Statistics reports a gain of 2,300 jobs through May, a rate that result in 5,500 jobs gained by year’s end.
Meanwhile, the pace of job creation in the county slowed as only about 5,000 people were added to employer payrolls in May. Manufacturing lost 400 jobs over the same period.
The leisure and hospitality sector posted a robust gain of 1,900 jobs in May 2016 from a month ago.
Employment rose in the financial activities industry by 4,800 jobs in May.
The Orlando metro area added almost 46,000 jobs in the one-year period.
Nine of the 11 industry sectors in the state added jobs. Manufacturing lost 12,100 jobs, a 0.9 percent decrease.
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Kentucky’s statewide unemployment rate and employment levels are seasonally adjusted.