The most recent state jobs survey from the Bureau of Labor Statistics, released Thursday, continues to show a slow and irregular progress in the economy. Article source:
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State by state stats
In the May state-by-state analysis, there were 18 states that did not see anything change in payroll. There were 14 states and D.C. that saw decreases in documented payroll, but 27 stats actually saw a rise I payrolls. The national unemployment rate stayed at 8.2 percent for the month, but it really increased in 18 states.
California moved up, leading the country in payroll gains. The state added 33,900 jobs in May. However, it still had the 3rd highest jobless rate in the country, at 10.8 percent.
Ohio had the second highest jobs increase, with 19,600 jobs added to its economy. Ohio's unemployment rate was below the national average at 7.3 percent.
New Jersey also stepped up, showing its biggest job gains in over seven years. More than 17,500 jobs were added to the state, making it the third biggest gains in the nation for May. Its unemployment rate also rose to 9.2 percent, however.
Dwindling job growth
There were some gains in different areas, but there was actually the lowest overall job increase in a year in May.
Bricklin Dwyer, an economist at BNP Paribas in New York, said:
About 70 percent of the economy is driven by consumer spending, according to experts. The spending is needed in order to grow the economy more easily, which is why hiring is so essential.
The Federal Reserve Chairman is Ben Bernanke. He said:
There has been a decrease in the number of jobs added to the country from April to May. It decreased from the revised 77,000 jobs in April to May’s 69,000 careers.
Biggest jump in rate
In South Carolina, there was a .3 percent increase in joblessness to 9.1 percent in May, which was the biggest jump. The next state was Michigan with a .2 percent jump to 8.5 percent.
The greatest drop in jobless numbers was posted by Massachusetts, shedding .3 percent from April's 6.3 percent rate. The next largest jobless drop was seen in North Carolina, followed by PA and Maryland
The highest joblessness rate in the country was posted in Nevada, at 11.6 percent. However, that is a decrease from the 11.7 percent documented for the previous month. Rhode Island followed, with an 11 percent jobless rate.
The lowest joblessness rate, for the 3rd consecutive month, was North Dakota at an amazing 3 percent.
Survey to be discussed at meeting
This careers survey will probably be looked at, along with financial problems in Europe and weakening job growth, by the Federal Open Industry committee. The group sets central bank policy and will meet starting on June 19 for two days.
Sources
Washington Times
Bloomberg
Bureau of Labor Statistics
investigate https://personalmoneynetwork.com/
State by state stats
In the May state-by-state analysis, there were 18 states that did not see anything change in payroll. There were 14 states and D.C. that saw decreases in documented payroll, but 27 stats actually saw a rise I payrolls. The national unemployment rate stayed at 8.2 percent for the month, but it really increased in 18 states.
California moved up, leading the country in payroll gains. The state added 33,900 jobs in May. However, it still had the 3rd highest jobless rate in the country, at 10.8 percent.
Ohio had the second highest jobs increase, with 19,600 jobs added to its economy. Ohio's unemployment rate was below the national average at 7.3 percent.
New Jersey also stepped up, showing its biggest job gains in over seven years. More than 17,500 jobs were added to the state, making it the third biggest gains in the nation for May. Its unemployment rate also rose to 9.2 percent, however.
Dwindling job growth
There were some gains in different areas, but there was actually the lowest overall job increase in a year in May.
Bricklin Dwyer, an economist at BNP Paribas in New York, said:
About 70 percent of the economy is driven by consumer spending, according to experts. The spending is needed in order to grow the economy more easily, which is why hiring is so essential.
The Federal Reserve Chairman is Ben Bernanke. He said:
There has been a decrease in the number of jobs added to the country from April to May. It decreased from the revised 77,000 jobs in April to May’s 69,000 careers.
Biggest jump in rate
In South Carolina, there was a .3 percent increase in joblessness to 9.1 percent in May, which was the biggest jump. The next state was Michigan with a .2 percent jump to 8.5 percent.
The greatest drop in jobless numbers was posted by Massachusetts, shedding .3 percent from April's 6.3 percent rate. The next largest jobless drop was seen in North Carolina, followed by PA and Maryland
The highest joblessness rate in the country was posted in Nevada, at 11.6 percent. However, that is a decrease from the 11.7 percent documented for the previous month. Rhode Island followed, with an 11 percent jobless rate.
The lowest joblessness rate, for the 3rd consecutive month, was North Dakota at an amazing 3 percent.
Survey to be discussed at meeting
This careers survey will probably be looked at, along with financial problems in Europe and weakening job growth, by the Federal Open Industry committee. The group sets central bank policy and will meet starting on June 19 for two days.
Sources
Washington Times
Bloomberg
Bureau of Labor Statistics
