State jobless rate remains stuck at 4.5 percent in January

Chelsea West
March 14, 2018

New Mexico's unemployment rate fell to 5.9 percent in January, down from 6 percent in December.

In our area, the jobless rate in Pickens County jumped, from 3.7% in December, to 4.7%. The department says the state's rate of unemployment has been below 4 percent for 26 consecutive months, which is the longest stretch since the current methodology was put in place in 1976. The increase in home prices and the number of homes sold resulted in an additional $500 million in home sales, up 10.9 percent from January 2017.

The state reported that the number of people working in SC in January was again above 2.2 million.

Today, Governor Rick Scott announced that Florida businesses created more than 10,000 private-sector jobs in January. Niobrara County had the lowest unemployment rate with 2.3 percent, and Teton County was next with 2.5 percent.

Cass County's jobless rate was the highest in the region for January.

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For December to January, 3,505 individuals gained a job, while 407 exited the job market, for an overall increase to the labor force of 3,912.

Construction was up 4,100 jobs over the year and the leisure industry added 1,300 jobs. On the other hand, retail trade lost more jobs than seasonally expected in January (-1,400).

Some economists say much of North Carolina's economic recovery has come from piggybacking on the USA recovery, or that the biggest factor in the labor force increase has been people moving into the state - particularly Charlotte and the Triangle - in hopes of finding work.

"We're healing economically, but it's not revealed in the labor force numbers", Parker said.

Indiana's labor force had a net decrease of almost 7,300 over the previous month, which was a result of about 4,100 unemployed residents no longer seeking employment and a almost 3,200 decrease in residents employed.

Other reports by TheSundaySentinel

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