REGIONAL AND STATE EMPLOYMENT AND UNEMPLOYMENT -- DECEMBER 2013 Regional and state unemployment rates were generally lower in December. Thirty-nine states and the District of Columbia had unemployment rate decreases from November, two states had increases, and nine states had no change, the U.S. Bureau of Labor Statistics reported today. Forty-two states and the District of Columbia had unemployment rate decreases from a year earlier, six states had increases, and two states had no change. The national jobless rate declined to 6.7 percent from November and was 1.2 percentage points lower than in December 2012. In December 2013, nonfarm payroll employment increased in 30 states, decreased in 19 states and the District of Columbia, and was unchanged in Vermont. The largest over-the-month increases in employment occurred in Texas (+17,600), Florida (+14,100), and California (+13,600). The largest over-the-month decrease in employment occurred in New Jersey (-36,300), followed by Pennsylvania (-11,400) and Kansas (-7,400). The largest over-the-month percentage increases in employment occurred in Alaska and Hawaii (+0.5 percent each). The largest over-the-month percentage decline in employment occurred in New Jersey (-0.9 percent), followed by Kansas (-0.5 percent) and Idaho (-0.4 percent). Over the year, nonfarm employment increased in 49 states and decreased in Alaska (-0.7 percent) and the District of Columbia (-0.1 percent). The largest over-the-year percentage increase occurred in North Dakota (+4.0 percent), followed by Florida (+2.6 percent) and Oregon (+2.4 percent). Regional Unemployment (Seasonally Adjusted) In December, the West continued to have the highest regional unemploy- ment rate, 7.4 percent, while the South had the lowest rate, 6.4 percent. Over the month, all four regions had statistically significant unemployment rate declines: the Northeast and South (-0.3 percentage point each) and Midwest and West (-0.2 point each). Significant declines also occurred over the year in all regions: the West (-1.2 percentage points), Northeast (-1.1 points), South (-0.9 point), and Midwest (-0.5 point). (See table 1.) Among the nine geographic divisions, the Pacific had the highest jobless rate, 7.8 percent in December. The West North Central again had the lowest rate, 4.7 percent. Six divisions had statistically significant over-the-month unemployment rate changes, all of which were declines. The largest of these declines occurred in the Middle Atlantic and South Atlantic (-0.3 percentage point each). Five divisions had significant rate changes from a year earlier: the Pacific and South Atlantic (-1.4 percentage points each), Middle Atlantic (-1.3 points), Mountain (-0.8 point), and West North Central (-0.7 point). State Unemployment (Seasonally Adjusted) Rhode Island had the highest unemployment rate among the states in December, 9.1 percent. The next highest rates were in Nevada, 8.8 percent, and Illinois, 8.6 percent. North Dakota continued to have the lowest jobless rate, 2.6 percent. In total, 17 states had jobless rates significantly lower than the U.S. figure of 6.7 percent, 9 states and the District of Columbia had measurably higher rates, and 24 states had rates that were not appreciably different from that of the nation. (See tables A and 3.) Twenty-one states and the District of Columbia had statistically significant over-the-month unemployment rate decreases in December, the largest of which occurred in Louisiana (-0.6 percentage point). The remaining 29 states had jobless rates that were not measurably different from those of a month earlier, though some had changes that were at least as large numerically as the significant changes. (See table B.) Twenty-one states had statistically significant unemployment rate changes from December 2012, all of which were declines. The largest of these occurred in North Carolina (-2.5 percentage points), followed by New Jersey (-2.2 points) and South Carolina (-2.0 points). (See table C.) Nonfarm Payroll Employment (Seasonally Adjusted) In December 2013, six states had statistically significant over-the- month changes in employment, four of which were increases. The statistically significant job gains occurred in North Carolina (+11,100), Massachusetts (+10,300), Minnesota (+9,500), and Hawaii (+3,300). The two statistically significant job decreases occurred in New Jersey (-36,300) and Kansas (-7,400). (See tables D and 5.) Over the year, 29 states had statistically significant changes in employment, all of which were positive. The largest over-the-year job increase occurred in Texas (+252,400), followed by California (+235,700) and Florida (+192,900).
Give a more longer term perspective of Economic trends and the Macroeconomic and Monetary Interdependence of the Global Economy. With the Background of this approach the blog will deal with the implications for Investment decisions. The author believes that China and the Asia Pacific Region are and will be the powerhouse for the global economic growth for years to come. It will also cover IT because of its momentum driver for economic growth.
Tuesday, 28 January 2014
US Bureau of labor Statistics Press Release Data December 2013
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