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Job Watch: Unemployment rates up in most states, down in La.

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Written By: Associated Press

From: Shreveport Times.com

 

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WASHINGTON — Unemployment rates rose in a majority of states in August for a third straight month, further evidence that the depressed job market is widespread.

However, in Louisiana, the seasonally adjusted unemployment rate fell to 7.2 percent in August from the July rate of 7.6 percent. Private sector employers added 40,000 jobs over the year, according to figures from the Louisiana Workforce Commission.

Seasonally adjusted results of a survey of Louisiana employers show the state’s total nonfarm employment was about 1.9 million jobs in August, an over-the-year job gain of 31,600 jobs, according to a news release. The figure takes into account a loss of government jobs.

“Louisiana’s numbers all are trending positively and show that our economy is moving well in the right direction,” LWC Executive Director Curt Eysink said in the release.

The survey shows sectors with annual job gains were as follows: education and health services, 285,800, up 14,400 over the year; leisure and hospitality, 201,000, up 7,600 jobs; manufacturing 143,100, up 6,400 jobs; trade, transportation, and utilities, 369,800, up 6,300 workers; information, 28,500, up 2,900 since August 2010; financial activities, 95,200, up 2,000 workers; mining and logging, 54,300, up 1,900 jobs; and construction, up 1,700 jobs to 123,100, according to the release.

Decreases were in government, 353,800, down 8,400 jobs; professional and business services, down 2,800 jobs to 191,800; and other services, down 400 to 65,700. Over-the-month August nonfarm employment decreased 500 jobs from July 2011.

The U.S. Labor Department said Friday that unemployment rates increased in 26 states. They fell in 12 and remained unchanged in 12.

Nationwide, the economy added no new net jobs in August, and the unemployment rate stayed at 9.1 percent for the second straight month.

Many employers pulled back on hiring after the economy barely grew in the first half of the year. The economy added an average of 39,500 jobs per month from May through August, down from an average of 178,500 jobs per month in the first four months of the year.

Nevada had the nation’s highest unemployment rate among states for the 15th straight month. The rate there rose from 12.9 percent in July to 13.4 percent in August. The state has been hampered by foreclosures, a depressed construction industry and a decline in tourism.

California had the second-highest rate, at 12.1 percent, followed by Michigan, at 11.2 percent.

— From Staff & Wire Reports

Written by demon53

September 19, 2011 at 1:31 pm

Posted in Uncategorized

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