Previous Story
Unemployment rate in Miami-Dade holds steady
Posted On Nov 22 2015
Comment: Off
The department said Thursday in its monthly statewide unemployment report that the state added a net 14,400 jobs in October.
Unemployment in the five boroughs is now at 4.8%, from 5.2% last month, according to U.S. Labor Department stats. Significant over-the-year rate decreases occurred in all four regions: the West (-1.0 percentage point), Midwest and Northeast (-0.9 point each), and South (-0.6 point).
The state lost 1,700 jobs in October, while September’s figures were revised from 5,700 jobs lost to 6,900 jobs lost.
Total non-farm employment increased by 10,400 jobs from September to October. Regional and state unemployment rates were little changed in October.
Gov. Dannel P. Malloy called the state reaching it pre-recession unemployment rate “a new and important milestone”. Mining and logging posted the largest declines on a percentage basis, decreasing 7.4 percent (down 2,300 jobs).
The national report showed payrolls across the US climbed by 271,000 in October, the strongest increase this year, following a gain of 137,000 the month before. The Lincoln rate rose a tenth of a point, to 2.3 percent.
The state’s job increases have yielded a 1.7 percent annual growth rate continuing its string of positive annual growth for 66 consecutive months, the TWC reported. The state figures are subject to larger sampling errors because they come from smaller surveys, thus making the national figures more reliable, according to the government’s Bureau of Labor Statistics. However, the leisure and hospitality sector declined by 1,700 jobs.
“We are laser-focused on growing this economy, and making sure it works for more New Yorkers”, said Alicia Glen, deputy mayor for housing and economic development.
The number of unemployed workers across the state decreased by 2,042 during the month and now stands at 273,645. In addition, the construction industry added 2,600 jobs over the month. The biggest job gains occurred in California, which added 41,200, followed by Florida, with 35,200, and then Ohio.
