Alaska's July unemployment rate at 7%
- Author: Megan Austin Aug 20, 2017,
Aug 20, 2017, 0:58
In the US the unemployment rate increased by 0.1 percent to 4.6 percent.
For the second straight month, the unemployment rate went up in San Bernardino County, according to data released on August 18 by the California Employment Development Department.
She said job growth has been volatile in Virginia for some time, but for the first seven months of 2017, employers added an average of about 5,700 jobs per month, a faster pace of growth than the first seven months of 2016, when about 1,800 jobs were added per month.
State unemployment rates are staying at record lows. "The commonwealth's rate remained above that of the United States, which was down one-tenth of a percentage point from June to 4.3 percent".
"If there are more jobs and fewer people looking, that will pull the [unemployment] number down", Weaver said.
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"Arkansas' unemployment rate has been stable since May, leveling out at 3.4 percent".
Private sector employment has grown by more than 26,800 over the year, and has increased by 2,000 over the previous month, primarily due to gains in the private educational and health services (3,600) and the manufacturing (1,000) sectors. Financial activities gained 300 jobs for the month and is up 100 jobs for the year.
Compared with the rest of the country, Arkansas had the second largest annual percentage gain in nonfarm payroll employment, up 2.7 percent in July compared with July previous year, according to the federal agency. "This summer, the youth labor force grew by 2.4 million, or 11.6 percent, to a total of 23.1 million in July".
3 percent in June from 4.2 percent in May.
Two industry sectors reported job declines over the month, down a total of 1,500 jobs. Rates dropped in only one state, from 2.3 percent to 2.2 percent in North Dakota, the bureau said. Jobs in trade, transportation, and utilities increased 5,400. Over the year, leisure and hospitality lost 900 (-0.2 percent) jobs. Professional and business services added 6,700 jobs.