State Unemployment Rate Remains the Same, but Economy Continues to Grow

Source California Employment Development Department

Unemployment edged up last month in Tennessee, but the jobless rate in the Volunteer State remained a full percentage point below the US average as employers across the state added 36,200 more jobs over the past year.

The state's unemployment rate edged up one-tenth of a percentage point to 4.6 percent in November.

Preliminary estimates from the U.S. Bureau of Labor Statistics show MA gained approximately 6,700 jobs last month, bringing to more than 65,000 the number of new jobs added in the state during the past 12 months.

Bill Haslam said the state's jobless rate is down a full 2 percentage points from the 5.1 percent unemployment rate of a year ago and employment continued to grow last month, just not as fast as the overall labor force.

"Year-to-date the jobs and labor force estimates indicate a strong and stable economy in the Commonwealth", Labor and Workforce Development Secretary Rosalin Acosta said in a statement.

Condon said November's year-over-year decline of 700 jobs does not necessarily mean CT has generated fewer jobs this year than in 2016.

He added that "You can't deny the fact that we now have a full-blown crisis in jobs".

Condon said some of the data may appear exaggerated because of significant job losses in the leisure and hospitality industry since its peak in June.

Education and Health Services added 2,800 (+0.3%) jobs over the month.

The three industry sectors with the largest employment gains year-over-year, not seasonally adjusted, were professional and business services with 17,900 new jobs, construction with 14,400 new jobs and education and health services with 13,800 new jobs. Retirement and savings added another $1.65 per hour to the total benefits cost in New England, officials said. It was down by 1,500 jobs.

Labor markets in CT are struggling to regain jobs lost in the Great Recession.

Other Services lost 1,900 (-1.3%) jobs over the month. The wholesale trade sector was up by 1,300, construction was up by 1,200 and transporting, warehousing and utilities was up by 1,000.



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