The preliminary, seasonally adjusted rate for March was 3.4 percent, which mirrored the revised rate for February and was almost one percentage point less than the March 2017 rate of 4.2 percent. The trade, transportation and utilities and construction sectors added a combined 3,700 jobs in March, while the leisure and hospitality and financial activities sectors shed a total of 500.
The unemployment rate in IN remains at 3.2 percent. The rate has been 4.8 percent for 10 consecutive months. Education & health services and professional & business services both reached new record highs in March.
The state's labor force participation rate also increased from February 2018 to March by 0.1 percent to 68.7 percent, while the national rate decreased 0.1 percent to 62.9 percent over the same time period.
Tennessee employers added jobs at more than one and a half times the rate of the rest of the country over the past year, adding 69,700 jobs in the past 12 months and cutting Tennessee's jobless rate well below the national average.
NY Reduces Position in Hess Corp. (NYSE:HES)
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Medical Properties Trust, Inc. (MPW) Publishes Quarterly Revenue Results, Meets Estimation
The stock witnessed 2.02% gains, -30.52% declines and -34.24% declines for the 1-month, 3-month and 6-month period, respectively. Signet Jewelers Limited (SIG) exchanged hands at an unexpectedly low level of 2.01 million shares over the course of the day.
Verizon's Parental Control App Now Includes Location Tracking
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On the public sector side, the state lost 2,100 government jobs in March.
The state is off to a strong start to the year in private sector job growth, according to BLS data released by the DWD.
Tennessee Governor Bill Haslam and Department of Labor and Workforce Development Commissioner Burns Phillips on Thursday announced the March 2018 statewide unemployment rate for Tennessee remained near historic lows and matched the revised rate from the previous month.
"Wisconsin's working families, employees and communities are benefiting as Wisconsin's labor market economy sets new records across numerous measurements", said Ray Allen, DWD secretary, in a statement.
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