Published: Tue, March 13, 2018
World | By Melba Underwood

State's unemployment rate falls

State's unemployment rate falls

"With the unemployment rate remaining steady through the winter months, Iowa has weathered the cold with minimal seasonal layoffs", Beth Townsend, Iowa Workforce Development director, said in an interview.

As has been the case for much of the past four years, the monthly employment measuring sticks offer notably different views of N.C.'s job market. Fairfield County fared the worst, with an unemployment rate of 10.1 percent in January. Coffee County's rate of 4.1 percent now is considerably less than the 5.9 percent rate tallied at the same point past year.

Houston County's rate rose to 4.3 percent in January, well below of the 6.0 percent figure registered in January 2017.

Indiana's total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.31 million, and the state's 63.7 percent labor force participation rate remains above the national rate of 62.7 percent.

Because workers tend to wield more power over employers during periods of low unemployment, "this a great time for wage gains to be realized", Gedney said.

In the fourth quarter of 2017, the official unemployment rate in Albania, for the population aged 15 years and over is 13.4 %.

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The state's nonfarm employment increased by 9,200 overall with job gains led by durable goods manufacturing, up 2,100 and wholesale trade, up 3,200.

The number of Iowans without jobs decreased to 48,300 in January from 49,300 in December.

The three industry sectors with the largest payroll declines were: Trade, Transportation & Utilities (-2,100); Professional & Business Services (-1,800); and Construction (-1,100).

"The state's slightly higher unemployment rate suggests that the state has a little more slack available in its labor force, which should be a positive for economic development", said Mark Vitner, senior economist with Wells Fargo Securities.

Indiana's labor force had a net decrease of 7,294 over the previous month.

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