Georgia’s seasonally adjusted October unemployment rate was 3.4 percent, the same as September’s revised rate.
The Peach State’s unemployment rate increased from the 3.1 percent rate a year ago. However, it was below the national rate of 3.9 percent.
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According to the latest figures from the U.S. Bureau of Labor Statistics, Florida has a seasonally-adjusted unemployment rate of 2.8% and ranks 14th overall, sharing a spot with Kansas and Hawaii.
Of the five largest states by population — California, Texas, Florida, New York and Pennsylvania — Florida has the lowest unemployment rate. At the same time, New York, Texas and California all sit above the national average of 3.8%.
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Tennessee has emerged as one of the nation’s top destinations for families—and for good reason. The Volunteer State is a wonderful place to work and raise a family. But while many trend lines are positive, there are some storm clouds on the horizon when it comes to marriage, family formation, and work.
Consider that over the past three decades, the percentage of prime-age men not in the labor force rose by 44 percent — from 8.6 percent to 12.4 percent. This is in keeping with national trend lines showing that men in their prime working years are increasingly disconnected from the discipline and value of work.
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Not seasonally adjusted unemployment rates increased in 16 of Michigan’s 17 labor market areas over the month, according to data released today by the Michigan Department of Technology, Management & Budget.
“Regional jobless rates advanced in May as residents began entering the summer job market,” labor market information director for the Michigan Center for Data and Analytics Wayne Rourke said in a statement. “Payroll employment rose in most metro areas over the month.”
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Michigan’s seasonally adjusted unemployment rate decreased by three-tenths of a percentage point to 3.8% during April, according to data from the Department of Technology, Management, and Budget.
Employment in the state rose by 30,000, while unemployment decreased by 14,000. Michigan’s labor force rose by 18,000 over the month, with some sectors rebounding from COVID’s job losses.
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The lifeblood of Michigan’s economy – workers – fell to a record low as COVID-19 continued to disrupt the workforce.
Michigan’s labor force participation rate – the proportion of working-age people working or actively looking for work – fell to a record low rate in 2020 and has slightly rebounded, according to St. Louis Federal Reserve data.
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The Common Sense Institute (CSI) Arizona announced Tuesday that the Deputy Chief of Staff for Gov. Doug Ducey, Katie Ratlief, will join the organization as its new executive director come January 2023.
“I am proud to become the Executive Director for CSI Arizona. I believe CSI has the unique capabilities to position Arizona at the forefront of the 21st century economy by capitalizing on unprecedented growth and an ever-evolving business environment through sound, accurate econometric research. At CSI, I believe we have a responsibility to use our diverse professional expertise and unwavering commitment to serve Arizonans to propel policy debates forward in pursuit of more meaningful and impactful policies,” said Ratlief.
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Women’s employment increased markedly from June to July, but the total number of employed working-aged men actually dropped in that same time span according to a July jobs report released Friday.
There were 170,000 fewer employed men in July than June, whereas 349,000 more women were employed in July, according to Yahoo Finance. Women’s unemployment dipped to 3.1% in July from 3.3% in June while the same figure for men remained steady at 3.2% from June, the Bureau of Labor Statistics’ July 2022 Employment Situation report found.
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A report released this week by Pennsylvania’s Independent Fiscal Office (IFO) indicates that 120,000 fewer residents are working or actively seeking work than in the year before the COVID-19 pandemic hit.
The study showed the state’s labor force participate rate (LFPR) for those aged 16 and older to be 63 percent in May 2019 and to have declined to 61.9 percent one year later. That percentage has continued gradually decreasing — to 61.8 percent in May 2021 and to 61.7 percent two months ago.
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One legacy of the COVID-19 pandemic could be the devastation it brought to the American worker by disconnecting millions from the workforce.
New research estimates that 3 million workers plan to remain permanently sidelined over concerns of physical illness or physical impairment due to COVID-19.
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‘Minnesota job growth outpaces US, unemployment at 3.3%‘– Duluth News Tribune
‘Jobless rate in Minn. hits pre-pandemic level‘ – MPR News
‘Minnesota jobless rate falls to 3.3%, lowest since pre-pandemic‘ – Fox 9
‘Minnesota Unemployment Rate Fell in November‘– Twin Cities Business
(Center of the American Experiment) — These were some of the headlines in Minnesota’s media covering the monthly jobs data from the Bureau of Labor Statistics (BLS). They paint a pretty rosy picture. So what was the Minneapolis/St. Paul Business Journal reporting with this headline: ‘Minnesota unemployment rate continues to drop, but labor force concerns grow‘?
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A $40 million project is estimated to help 30,000 workers statewide secure employment through the state’s Going PRO Talent Fund.
The program aims to lure back Michigan’s workforce lost during COVID-19, encourage specialization, and help businesses fill jobs in a tight labor market. Between Feb. 2020 and April 2020, Michigan’s labor force plunged by 341,500 or 6.9%. Labor force levels in Michigan have rebounded modestly, increasing by 139,400 or 3% percent from April 2020 to August 2021.
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The Labor Department’s official unemployment rate—the most well-known gauge of the labor market’s health—counts as unemployed only those who aren’t working but are actively seeking a job.
Yet there is very little that we can infer from the jobless rate about the health of the economy. The unavoidable conclusion is that the only reason investors follow the calculation is because both Washington’s politicians and the Federal Reserve are expected to react to it.
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