The release of last month’s state-level unemployment statistics reaffirmed what many economists, including me, have stated: the labor market recovery has been steady and widespread. These numbers aren’t just good news for our economy, they’re impacting the lives of everyday Americans.
We have experienced 28 consecutive months of job growth across all industry sectors, except state and local government. This has led to 4.4 million new jobs in the private sector and a drop in the national unemployment rate by 1.6 percentage points. To put this in perspective, 48 states and the District of Columbia have seen their unemployment rates fall since the start of the recovery. This includes 21 states where the rate has fallen more than 2 percentage points.
So what has this meant for job development in the various sectors across the country? The U.S. auto industry is experiencing an amazing resurgence with workers in Michigan and Ohio going back to the factory floors and getting extra shifts. Overall, manufacturing has added more than 500,000 new jobs since January 2010 – the greatest 29-month streak of job growth since 1995…
via Across the Board Decreases in State Unemployment Rates.
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Nevada Continues To Reign Supreme In Latest Unemployment Numbers
Since the bottom dropped out of the housing market a few years ago, and even as most other locales have begun to claw their way out of the pits, Nevada and California have continued to churn out huge unemployment numbers. And the latest stats from the U.S. Bureau of Labor Statistics shows no real reversal in that trend…
via The Consumerist » Nevada Continues To Reign Supreme In Latest Unemployment Numbers.
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Posted by Windows 8 Enterprise Key | August 20, 2012, 11:52 am