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Idaho unemployment rate drops to 2.9 percent

April 21, 2018 20:59·
Clarksville Now

Clarksville Now

Utah's job growth was driven by increases in the trade, transportation and hospitality sectors. Among specific job categories, education, manufacturing, and construction added jobs.

This puts the region's unemployment rate below both the statewide rate of 4.2 percent - the lowest since 1976 - and the national rate of 4.1 percent.

The professional and business services sector drove the vast majority of Illinois' jobs loss over the month, shedding 3,600 jobs, a decline of almost 0.4 percent.

Fairfield County continued to have the highest unemployment rate in SC at 8 percent, after the abandonment of construction on two nuclear reactors. In March, 2017, the county unemployment rate was 4 percent.

By job categories, nonfarm, hospitality, mining logging and construction, manufacturing and trade and utilities saw gains, while professional and business services and financial activities saw job losses.

The drop in the unemployment rate and the decrease in the number of unemployed individuals in March was wholly a result of labor force decline.

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From March 2017 to March 2018, there were a net gain of 67,900 private-sector jobs and 5,400 government jobs. Professional services, professional services and government jobs posted losses in the month. The total number of people working was 2,225,000.

This is in stark contrast to the rest of the nation, where the labor force grew by more than 8.5 million over the same time, or 5.8 percent.

A rate compiled by the U.S. Bureau of Labor Statistics - the U6 index - includes those categories. The U6 index rate for North Carolina was 8.2 percent on January 31, compared with 8 percent nationally March 31.

For 70 years, an unemployment rate of 5 percent has been considered the point at which everyone who wants a job has one, employers have the skilled workers they need and there is limited inflationary pressure on wages.

Okaloosa and St. Johns counties had the lowest unemployment rate at 3.0 percent, followed by Monroe County at 3.1 percent.

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