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.
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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.
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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.
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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.
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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.
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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.
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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.
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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%.
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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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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.
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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.
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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’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.
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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.
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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.
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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.
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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.
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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%.
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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.
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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.
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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.
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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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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.
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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%.
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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 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.
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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.
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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.
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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%.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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The Tennessee Department of Labor and Workforce Development recently released county unemployment data for the month of August.
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The Tennessee Department of Labor and Workforce Development recently released the state’s unemployment rate for the month of August.
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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
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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.
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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.
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Georgia Department of Labor Commissioner Mark Butler announced on Thursday that the unemployment rate for the Peach State in May dipped to an all-time low of three percent as the number of jobs peaked at 4,782,400.
“As the state continues to experience a very tight labor market, as evidenced by our low unemployment rate, our focus has been on encouraging more individuals to re-enter the workforce,” Butler said. “Unless those who have chosen not work decide they want to re-enter the workforce or more people move into the state, additional workers will be scarce.”
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Preliminary data from the Department of Labor and Workforce Development (TDLWD) indicated Tennessee’s unemployment rate for May 2022 increased slightly from March and April’s record-breaking rate of 3.2%.
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New data released by the Tennessee Department of Labor and Workforce Development (TDLWD) revealed unemployment across the state remained at a historic low in April. The record-low rate of 3.2%, set in March, held steady into April, according to the department.
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While state officials touted their recent unemployment numbers as an all-time record, a state organization says a deeper analysis of the numbers shows a troubling undercurrent.
Georgia’s unemployment rate in March dropped to an all-time low of 3.1%, down from February’s revised rate of 3.2%, as the number of employed Georgians also hit a record high. Georgia is tied with Arkansas for the 16th lowest unemployment rate, according to an analysis from the Georgia Center for Opportunity (GCO).
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Ohio added more than twice as many private-sector jobs in March than it did in February, and the state’s unemployment rate fell slightly, according to recently released figures by the Ohio Department of Job and Family Services.
Overall, the state’s unemployment rate for March of 4.1% was down slightly from February’s 4.2% but higher than the national average of 3.6%. Also, Ohio’s labor participation rate rose to 61.7% from 61.6%, below the national average of 62.4%.
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The Florida Department of Economic Opportunity (DEO) released their monthly unemployment figures and the state’s unemployment rate is continuing to drop. Conversely, Florida is also seeing consistent job growth from month-to-month.
According to the report, Florida’s adjusted unemployment rate was 3.2 percent in March, which was a decrease by 0.1 percent from the previous month. The national unemployment rate was hovering around 3.6 percent.
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The unemployment rate in Arizona continues to decline.
In March 2022, Arizona had a seasonally adjusted unemployment rate of 3.3%. This was slightly lower than the national unemployment rate at the same time, according to data released by the Arizona Commerce Authority this week.
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Tennessee’s March unemployment rate of 3.2% was the lowest ever recorded, according to the Tennessee Department of Labor and Workforce Development.
The 3.2% was a seasonally adjusted rate that surpassed the previous low mark of 3.3% in August 2019. The 3.2% rate is 1.7 percentage points lower than March 2021.
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