That’s below the 3.5 percent that is consistent with healthy economic growth.
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Merced County’s rate was 10.6 percent in June, lower than the 10.8 percent posted in June 2015, according to the state Employment Development Department. Goods producing added 500 jobs in June and 300 over the year.
“Seasonal adjustment” refers to BLS’s practice of anticipating certain trends in the labor force, such as hiring during the holidays or the surge in the labor force when students graduate in the spring, and removing their effects to the civilian labor force. That’s compared with 3.6 percent unemployment in June 2015.
The number of unemployed Arkansans was up 344 in June compared with May, the first monthly increase since February 2011, said Michael Pakko, chief economist at the Institute for Economic Advancement at the University of Arkansas at Little Rock. The growth, though, may not be robust enough to absorb the sudden increase in the work force, say analysts.
Hotel employment has been on the rise in Los Angeles the past year. “We shouldn’t be alarmed by the rate”.
Unemployment rates were “significantly higher” last month in six states, the Labor Department’s Bureau of Labor Statistics reported on Friday, July 22, 2016.
Most new jobs came in sectors like leisure, hospitality, retail and healthcare, industries that rely on consumer spending and often have lower wages.
The industry gaining the most jobs was professional and business services (+48,400 jobs, +4.0 percent). Seven of the 11 supersectors added jobs since June 2015, and of the four that declined, only one was down by more than 400.
The statewide unemployment rate for June was 6 percent.
In his statement, Scott emphasized the total number of private-sector jobs added since January not the June slowdown.
“Year over year, you’ve got construction coming back with a 2.9 percent increase”. “We lost a ton of jobs during the recession and gained back about 40 percent of the jobs”.
The unemployment rates and estimates are based on a federal survey of households. This included about 100 farm jobs and about 700 non-farm jobs.
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Yet in Fresno County and neighboring central San Joaquin Valley counties, unemployment rates continued a almost five-year run of long-term improvement: June was the 58th consecutive month in which the jobless rate in Fresno County has been lower than it was a year earlier.
