Unemployment rates fall to record lows in 4 US states
02:02, Apr 23, 2017
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Idaho's unemployment rate in March dropped a tenth of a percentage point from the previous month to 3.5 percent. It was 2.6% in Colorado and 2.8% in New Hampshire.
National unemployment rate sits around 4.5 percent, since the state is nearly two percentage points lower it reflects the population growth, and most jobs being filled are high skilled positions.
The largest private sector job gains in the month were in leisure and hospitality, financial activities and education and health services.
The sectors reporting the highest rates of job increases were Trade, Transportation, and Utilities, which added approximately 600 positions, and Mining, Logging, and Construction, which added around 500 positions for the month, with the majority coming from the Construction trade. Healthcare/social assistance again led the way, adding 26,000 jobs, followed by food service (up 13,500) and professional/scientific/technical services (up 9,500).
The Virginia Employment Commission said Friday that the commonwealth's jobless rate dipped one-tenth of a percentage point during March, the third consecutive monthly decrease.
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The federal Labor Department says unemployment rates fell in 17 states in March and were mostly unchanged in 33.
Manufacturing continued to shed jobs, with 1,000 fewer people employed in March 2017 than in March 2016, with 300 of those jobs lost in between this February and March. The number of Coloradans participating in the labor force this year has increased 59,200, total employment increased 79,500 and the number of unemployed decreased 20,300.
In March 2016, the unemployment rate was 3.7 percent. The state's jobless rate is adjusted for seasonal changes. Economist Jeff Michael of the University of the Pacific said the area's employment growth has slowed down over the past six months. The 0.4 percent over-the-year gain in IL is about one-third as strong as the +1.5 percent gain posted by the nation in March.
Most sectors within Stanislaus County reported job growth for the month of March or remained steady. The state gained 3,600 nonfarm jobs over the year. "Jobs were created faster than the growth in workforce, resulting in a significant decline in unemployment rate".
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