Unemployment rates fall to record lows in 4 US states

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Unemployment rates fall to record lows in 4 US states
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23 April, 2017

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 state Department of Labor and Industry reports the largest gains were in the construction, professional and business services and health care industries.

The Pennsylvania Department of Labor & Industry said Friday Pennsylvania's unemployment rate was down two-tenths of a percentage point to 4.8 percent in March.

Overall, nonfarm payroll jobs increased by 16,600 since March past year.

"Unemployed Iowans continued to leave the labor force in March", Iowa Workforce Development Director Beth Townsend said in a statement.

The unemployment rate, Gov. Terry McAuliffe said, is the lowest it has been since May 2008 and is below the national rate.

Broward County's unemployment rate, which is not adjusted seasonally, fell to 4 percent, down from 4.5 percent in February and 4.5 percent in March 2016.

The department also revised its estimates of February's total employment upward by 1,400 jobs, including 1,100 private-sector jobs.

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The number of jobless people decreased more than 8,000 over the month to about 244,000 and fell by more than 4,600 over the year. The unemployment rate was 3.8 percent one year ago in March.

Wells Fargo economist Mark Vitner said weather and other factors may have skewed the March job numbers.

Several analysts say they don't expect the state and local unemployment rate to trend much lower in 2017.

Larimer County had 187,209 people employed in March and 4,000 looking for work.

March's job losses make it a bad month for the state.

Economists traditionally have considered a jobless rate of 5 percent as full employment, meaning that everyone who wants a job has a job, employers have the skilled workers they need, and there is limited inflationary pressure on wages. CT had the highest unemployment in New England at 4.8 percent. The percentage of union members in 2016 was up slightly from 2006. The last time Hawaii's unemployment rate was 2.7 percent was in June 2007. Hughson had a March rate of 12.7 percent, up a little from the 12.6 percent posted in February.


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