Unemployment rates fall to record lows in 4 US states
- Author: Archie Newman Apr 23, 2017,
Apr 23, 2017, 2:07
Over the year, however, 131,000 jobs were added, a 3 percent growth rate from March 2016.
IL lost jobs across several industries including construction, manufacturing, and professional and business services.
Nationally, the jobless rate decreased two-tenths of a percentage point to register at 4.5 percent. "While the monthly job growth was stronger than our three-year average for March, our over-the-year job growth of 131,000 is the best for this period since 2000".
"Unemployed Iowans continued to leave the labor force in March", Iowa Workforce Development Director Beth Townsend said in a statement.
"Demographics - the aging population - is the single most significant factor in the low unemployment rate", said Lawton, since a shrinking labor force drives down the unemployment rate.
The national unemployment rate hit 4.5 percent in March, down from 4.7 percent in February.
Nationwide, employers added just 98,000 jobs in March, far below January and February's totals.
Over-the-year employment has grown by 1.2 percent from March 2016. San Joaquin County had a March unemployment rate of 8.3 percent, which was the same rate recorded in February.
Hendry County had the highest unemployment rate at 6.4 percent, followed by Sumter County at 6.1 percent and Citrus and Hardee counties at 5.9 percent.
Unemployment rates typically hit their peak in March in most San Joaquin Valley counties, Gutierrez said, but farms usually start harvesting again in April.
More significantly, California continued to lead the nation in job growth, with its 19,300 new jobs accounting for almost 20 percent of the 98,000 created in the United States. Construction, however, saw another 1,800 jobs between March 2016 and March 2017 including 500 jobs between February and March of 2017.
But the broad picture for the state, Teshome and other anaylsts said, is solid. Small increases were reported in trade, transportation, and utilities (+1,600), leisure and hospitality (+1,500), and other services (+1,300). MA was at 3.6 percent and Rhode Island was 4.3 percent.
Professional and business services appear to be booming in Colorado, said Alexandra Hall, the Chief Economist with the Department of Labor.