The unemployment rate in the U.S. ticked upwards to 4.2 percent in November, with 161,000 additional Americans saying they are unemployed in the latest household survey by the Bureau of Labor Statistics.
Read the full storyTag: unemployment rate
U.S. Economy Added 227K Jobs in November, Annual Jobless Rate Increased Slightly to 4.2 Percent: Feds
The Labor Department reported Friday the number of new jobs in the U.S. economy increased in November, compared to the previous month, while the unemployment rate increased slightly to the annualize rate of 4.2%
The economy in November added 227,000 new, non-farm jobs, compared to 36,000 in October, according to the department’s Bureau of Labor Statistics. The November number exceeded Wall Street expectations of 214,000 new jobs.
Read the full storyReport: Tennessee Has as Many as 64,000 Unfilled Jobs
An economist for the University of Tennessee said the state is growing but the labor force participation rate has declined.
Dr. Don Bruce, director of the university’s Boyd Center for Economic Business and Research, told the State Funding Board at its November meeting that Tennessee employment is up by 195,000 since March 2020.
Read the full storySeptember Job Growth Exceeds Expectations as Unemployment Falls
The U.S. added 254,000 nonfarm payroll jobs in September as the unemployment rate ticked down to 4.1%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists expected 150,000 jobs to be added in September, slightly higher than the initially reported 142,000 job gain in August, and the unemployment rate to remain at 4.2%, according to MarketWatch. Meanwhile, previously reported job gains for July and August were revised up by 55,000 and 17,000, respectively, breaking a trend under the Biden-Harris administration of overestimating employment growth in initial estimates, with the cumulative number of new jobs reported in 2023 roughly 1.3 million less than previously thought.
Read the full storyOhio Unemployment Remains Steady in August
Ohio continues to buck a national trend of job gains after the latest numbers from the Ohio Department of Jobs and Family Services showed the state lost jobs in August.
According to figures released from the Ohio Department of Job and Family Services, the state’s unemployment rate was unchanged from July to August at 4.5%. The labor force participation rate was also steady at 62.3%.
Read the full storyU.S. Job Growth Slows to a Crawl as Unemployment Rises
The U.S. added 114,000 nonfarm payroll jobs in July as the unemployment rate ticked up to 4.3%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists anticipated that the country would add 175,000 jobs in July compared to the 206,000 added in initial estimates for June, and that the unemployment rate would remain stable at 4.1%, according to U.S. News and World Report. Federal Reserve Chairman Jerome Powell noted in a press conference on Wednesday that a continued slowdown in the labor market could be a sign of further softening in the economy and contribute to a possible cut to the federal funds rate and an easing in harsh credit conditions that have weighed on Americans.
Read the full storyUnemployment Rate Climbs for Another Month as Job Gains Slump
The U.S. added 206,000 nonfarm payroll jobs in June as the unemployment rate ticked up to 4.1%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists anticipated that 190,000 jobs would be added in June, far fewer than the initially reported 272,000 gain seen in May, and the unemployment rate would remain steady at 4%, according to U.S. News and World Report. Strong topline job gains in recent months have led some top economic officials, like Federal Reserve Chair Jerome Powell, to push back against claims that the economy is stalling, despite slow economic growth and high inflation.
Read the full storyGeorgia Sees Slight Unemployment Rate Increase in May
Georgia’s unemployment rate increased slightly in May, hitting 3.2%, up from a revised 3.1% in April, and a leading Georgia business group said inflation is still challenging many businesses.
However, the Peach State’s unemployment rate was lower than the national unemployment rate of 4%, Georgia officials touted.
Read the full storyOhio Unemployment Rate Rises in February
Ohio’s job market continues to cool.
The state’s unemployment rate rose again in March, while the labor participation rate remained steady, according to figures released by the state Department of Job and Family Services.
Read the full storyJob Market Continues Hot Streak Despite Persistent Layoffs
The U.S. added 303,000 nonfarm payroll jobs in March as the unemployment rate ticked down to 3.8%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists anticipated that the country would add 200,000 jobs in March compared to the 275,000 jobs that were added in initial estimates for February, and that the unemployment rate would remain unchanged at 3.9%, according to Reuters. The job gains are in spite of persistent layoffs that reached a 14-month peak in March at 90,309.
Read the full storyOhio’s Unemployment Rate Holds Steady in February
Ohio’s job market remained neutral in February, better than falling like the national figures, according to analysts.
The new numbers from the Ohio Department of Job and Family Services bucked a trend of rising unemployment in the state that covered six months.
Read the full storyGeorgia’s Unemployment Rate Remains Flat in February
Georgia’s February unemployment rate remained unchanged from the revised January rate, labor officials said Thursday.
State officials said the Peach State’s 3.1% unemployment rate is below the national rate of 3.9%. Last week, state officials said Georgia’s January unemployment rate dropped to 3.1%, the first drop in more than a year after holding at 3.2% in 2023.
Read the full storyTennessee Unemployment Rate Rises in 93 of 95 Counties
Ninety-three of the 95 counties in Tennessee had unemployment rates rise in January.
The state Department of Labor and Workforce Development said the increase comes due to the end of some holiday employment.
Read the full storyJob Growth Exceeds Expectations Despite Mass Layoffs
The U.S. added 353,000 nonfarm payroll jobs in January as the unemployment rate remained at 3.7%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists anticipated that the country would add 180,000 jobs in January compared to the 216,000 that were added in December and that the unemployment rate would tick up to 3.8% from 3.7%, according to Reuters. Despite the job gains, American employers cut 82,307 positions in January, a 136% jump from the previous month, amid a wider trend of layoffs as factors like high inflation continue to hurt business conditions.
Read the full storyJob Growth Remains Cool Despite Boost from Returning Strikers
The U.S. added 199,000 nonfarm payroll jobs in November as the unemployment rate ticked down to 3.7%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists had anticipated that the country would add 180,000 jobs in November compared to the 150,000 jobs that were added in October and that the unemployment rate would remain at 3.9%, according to Reuters. The number of jobs added in the month was boosted due to the resumption of work by autoworkers and actors who participated in the recent strikes.
Read the full storyOhio Unemployment Rate Rises in October
Despite remaining below the national average, Ohio’s job market dipped in October.
According to figures released by the Ohio Department of Job and Family Services, the state’s unemployment average increased from 3.4% to 3.6%, while the labor force participation rate fell from 62.1% to 62%.
Read the full storyGeorgia’s October Unemployment Rate Remains Below National Average
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.
Read the full storyJob Gains Fall Short of Expectations as Unemployment Ticks Up
The U.S. added 150,000 nonfarm payroll jobs in October as the unemployment rate ticked up to 3.9%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists had anticipated that the country would add 180,000 jobs in October compared to the 336,000 jobs that were added in September and that the unemployment rate would remain at 3.8%, according to Reuters. On Wednesday, at the conclusion of its Federal Open Market Committee meeting, the Federal Reserve announced that it would be keeping its federal funds rate steady in the range of 5.25% and 5.50%, a 22-year high, after a series of 11 rate hikes that started in March 2022 in an effort to tame inflation.
Read the full storyTennessee Set to Raise Unemployment Pay, Lower Weeks Eligible from 26 to 12
Tennessee unemployment benefits will soon be rising to a maximum $325 per week while standard eligibility will move from 26 to 12 weeks.
New Tennessee laws passed over the past three years are set to go into place Dec. 1. The standard eligibility across the country is 26 weeks with Arkansas, Iowa, Michigan, Oklahoma, South Carolina and Missouri the states that have lower than 26 weeks, according to the Center on Budget and Policy Priorities.
Read the full storyFlorida Unemployment Rate Is Lowest Among Nation’s Most Populated States
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%.
Read the full storyTennessee Unemployment Rate Slightly Rises from All-Time Low
Tennessee’s unemployment rate rose slightly above a record low in September, rising to 3.2% after spending July and August at 3.1%.
The September rate was 0.2 percentage points lower than September 2022.
Read the full storyAmerica Adds over 300,000 Jobs in September as Interest Rates Remain Elevated
The U.S. added 336,000 nonfarm payroll jobs in September as the unemployment rate remained at 3.8%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists had anticipated that the country would add 170,000 jobs in September compared to 187,000 in August and that the unemployment rate would slide down to 3.7% from 3.8%, according to Reuters. Private employment data for September showed that only 89,000 jobs were added for the month, as the professional and business services, trade, transportations and utilities and manufacturing services sectors all had substantial losses, according to ADP.
Read the full storyState Officials Wonder How Georgia Businesses Fill Their Open Jobs
Georgia has 350,000 job postings but only about 170,000 unemployed Georgians.
State officials routinely highlight Georgia’s low unemployment rate, but that doesn’t address the worker shortage.
Read the full storyTennessee’s July Unemployment Rate Makes History
New data released by the Tennessee Department of Labor and Workforce Development (TDLWD) revealed unemployment across the state reached a historic low in July of 3.1 percent.
Read the full storyTennessee Matches All-Time Low of 3.2 Percent Unemployment Rate
Tennessee reached an all-time low of 3.2% unemployment in June, matching the 3.2% mark set in June 2022.
The rate had been 3.3% in both April and May after being 3.5% in January and February.
Read the full storyGeorgia’s Unemployment Rate Remains Below National Average
Georgia’s unemployment rate continues to remain lower than the national rate.
On Thursday, officials said the Peach State’s June rate was 3.2%, the same as May’s revised rate and lower than the national average of 3.6%.
Read the full storyMichigan’s June Unemployment Rate Drops Slightly
Michigan’s seasonally adjusted jobless rate decreased by one-tenth of a percentage point to 3.6% during June, according to data released by the state’s Department of Technology, Management & Budget.
Total employment increased by 26,000, while unemployment edged down by 3,000, resulting in a labor force gain of 23,000 over the month.
Read the full storyCommentary: As Hiring Slows Down, So Does the Economy
The U.S. economy added 209,000 jobs in June, according to the latest establishment survey by the Bureau of Labor Statistics, less than expected as 306,000 were added in May, as hiring slowed down nationwide. Meanwhile, the unemployment rate remained about the same at 3.6 percent.
Historically, when hiring slows down by establishments, that usually coincides with economic slowdowns and recessions. In the recent cycle, the 2020 and 2021 recovery from Covid notwithstanding, hiring peaked at about 5.2 percent annualized increase in Feb. 2022. Now, it’s down to 2.5 percent.
Read the full storyGeorgia Committee Probes Ways to Expand State’s Workforce
Georgia has a 3.2% unemployment rate and roughly 5.1 million people in its workforce, but Peach State companies struggle to recruit employees.
And, a looming recession may only temporarily ease hiring troubles, testimony at the first meeting of the Senate Study Committee on Expanding Georgia’s Workforce revealed.
Read the full storyData: Michigan Labor Force Grew in May
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.”
Read the full storyEconomy Added 339K Jobs in May, Nearly Double Wall Street Expectations
U.S. employers have added roughly 339,000 jobs in May, and the monthly unemployment rate rose to 3.7%, from a five-decade low of 3.4% in April, according to a Labor Department report released Friday.
Average hourly earnings rose 0.3% for the month while on an annual basis, wages increased 4.3%, which was a 0.1 percentage point under the estimate.
Read the full storyVirginia Records the Largest Job Increase in Nearly a Decade
Virginia’s labor participation rate rose to the highest recorded in nearly a decade, according to the Bureau of Labor and Statistics Local Area Unemployment Statistics.
April’s labor force participation rate increased by 0.3% to 66.2%, the highest since June 2014. The labor force in the commonwealth has risen by 21,687 this month. The BLS recorded more than 25,000 Virginians were employed in April than in March – leading the decline in unemployment to 3.1%.
Read the full storyMichigan’s Unemployment Rate Drops Below Four Percent
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.
Read the full storyCommentary: Recession Looms as Banks Collapse and the Economy Slows
The unemployment rate still remains at historic lows of 3.4 percent in April, according to the latest data by the Bureau of Labor Statistics, amid other worrying signs for the U.S. economy including a continued collapse of job openings, a string of bank failure and an overall slowing Gross Domestic Product (GDP).
In the survey, as the population increased by 171,000, those not in the labor force increased by 214,000 as labor participation dipped slightly by 43,000. Those who said they had a job increased by 139,000 after a 577,000 increase in March. As a result, the unemployment rate has actually ticked downward for two consecutive months from 3.6 percent in February, to 3.5 percent in March and now 3.4 percent in April.
Read the full storyVirginia Breaks Job Numbers Record
Virginia has shattered a record with more than 4.5 million people in the commonwealth’s workforce, Gov. Glenn Youngkin says.
The workforce was recorded at 65.9 percent in March, which is over 1 percent higher than it was before the beginning of the pandemic. Virginia eclipsed the national average by 3 percent, according to the U.S. Bureau of Labor Statistics.
Read the full storyGeorgia Businessman Pleads Guilty to Bribing Officials
A 72-year-old Alpharetta businessman pleaded guilty in federal court to bribing two Atlanta city officials in exchange for steering millions of dollars of city business to his company.
Read the full storyGeorgia Unemployment Rate Remains Low for Seventh Consecutive Month
For the seventh straight month, Georgia’s unemployment rate remained at 3.1%, 0.5% below the national average in February.
The Georgia Department of Labor says the Peach State in January had the highest labor force participation rate in the Southeast at 61% and also had the highest employment-to-population ratio in the region, 59.1%.
Read the full storyGeorgia Unemployment Rate Increases in January
Georgia’s regional commissions reported higher unemployment in January but the labor force grew in all but one of the state’s regions, according to numbers released on Thursday.
The Georgia Department of Labor says it is an annual trend for unadjusted unemployment rates to increase in January after the end of the holiday season.
Read the full storyU.S. Economy Adds 517,000 Jobs as Unemployment Drops to Lowest Since 1969
The U.S. economy added 517,000 jobs in January as the unemployment rate dropped to 3.4%, the lowest since May 1969.
By comparison, there were 260,000 jobs added in December 2022 and the 517,000 was the largest increase since 568,000 in July 2022, according to the latest report from the U.S. Bureau of Labor Statistics.
Read the full storyTennessee Unemployment Rate Ends 2022 at 3.5 Percent, Same as U.S. Mark
Tennessee’s unemployment rate finished the year at 3.5 percent, matching the U.S. unemployment rate and just 0.1 percent lower than the seasonally adjusted December 2021 mark.
Read the full storyGeorgia’s Unemployment Rate Was Unchanged to Close Out 2022
Georgia’s December unemployment rate was 3%, unchanged from November’s revised rate.
Additionally, state officials said job numbers increased by nearly 6,000 from November, hitting an all-time high. Georgia’s unemployment rate remained lower than the national unemployment rate of 3.5% in December.
Read the full storyFlorida Unemployment Rate Lowest in 10 Largest States
Florida’s unemployment rate dropped to 2.6% in November, the lowest of the 10 largest states in the U.S. and 1.1 percentage points lower than the national rate. It was also the 24th consecutive month that Florida’s unemployment rate remained below the national rate.
In November, Florida continued to exceed the national job growth rate for the 20th consecutive month; its employers have added jobs for 31 consecutive months.
Read the full storyGeorgia Officials Tout Unemployment Rate That Is Lower than National Average
Georgia officials said Thursday the state’s October unemployment rate remained lower than the national rate, news that follows a new finding that nearly half a million Georgians have dropped out of the workforce.
While Georgia’s seasonally adjusted unemployment rate of 2.9% was lower than the national unemployment rate of 3.7%, it was slightly higher than last month’s rate of 2.8% but down from last October’s 3.4% rate.
Read the full storyUnemployment Rate Rose in October
Newly released federal data show the economy created more jobs than expected but unemployment rose in October.
The U.S. Bureau of Labor Statistics released the data, which showed the economy added 261,000 jobs in October, higher than the Dow Jones estimate of 205,000 new jobs.
Read the full storyReport: Georgia Has One of the Nation’s Best Improvements in Its Unemployment Rate
Georgia reported one of the best changes in its unemployment rate of any state in the union, a new analysis found.
According to the report from WalletHub, Georgia has the 15th best change in unemployment. That trailed neighboring Florida (No. 6) and Alabama (12) but was better than South Carolina (28), Tennessee (32) and North Carolina (35).
Read the full storyShelby County Jobless Rate at 5.6, More than Double Williamson County’s Rate
The Tennessee Department of Labor and Workforce Development recently released county unemployment data for the month of August.
Read the full storyTennessee Department of Labor and Workforce Development Releases August Unemployment Numbers
The Tennessee Department of Labor and Workforce Development recently released the state’s unemployment rate for the month of August.
Read the full storyNew Economic Data Shows That Georgia Is Outperforming Many States
New economic data shows Georgia is outperforming many other states across the country.
Georgia’s seasonally adjusted unemployment rate now stands at a record low of 2.8% in July. A new WalletHub analysis found that Georgia has the 15th best change in its unemployment rate
Read the full storyReport: Wisconsin’s Economy Recovering Unevenly
A new report says some sectors of Wisconsin’s economy are still lagging.
The Wisconsin Policy Forum released its new report Wednesday. It says Wisconsin’s job numbers and unemployment rate are almost back to where they were before the coronavirus hit.
Read the full story2022 McMinn Regional Job Fair Set for July 21st at Athens Regional Park
The McMinn County Economic Development Authority is hosting the 2022 McMinn Regional Job Fair at Athens Regional Park on July 21. The job fair will be held from 9:00 a.m.-3:00 p.m. (EST) and will host over 20 regional employers with current job openings ready to hire.
Read the full story