Record Low Unemployment In The State And Country
- Author: Jill Young Dec 25, 2017,
Dec 25, 2017, 14:48
The U.S. unemployment rate was unchanged at 4.1 percent.
Tennessee Governor Bill Haslam and Department of Labor and Workforce Development Commissioner Burns Phillips have announced that the November statewide unemployment rate posted significantly lower than November 2016 and notably lower than the national average.
Texas' seasonally adjusted unemployment rate fell to 3.8 percent, setting a new record for the lowest unemployment rate recorded in four decades.
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AUSTIN, TX ⎯ The unemployment rate in the San Angelo Metropolitan Statistical Area (MSA) dipped to 3.1 percent, a new low for November 2017.
The figures come seven years after a severe recession and show that conservative states like Alabama and MS, as well as more liberal Washington and California, are sharing the improvements.
Nine of eleven major industries showed increased growth in November, including Professional and Business Services with 14,700 jobs added and Construction which added 8,200 positions.
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Total nonfarm employment in Tennessee grew by 1,800 jobs in November. California was second with 288,300.
The Amarillo and Midland area came in with the state's lowest non seasonally adjusted unemployment rate, at 2.6 percent, while the McAllen- Edinburg-Mission area had the highest of 5.6 percent. "Jobs are created when companies put capital at risk, and our unemployment rate figures reflect that our policies are attracting companies to Tennessee".
The leisure and hospitality segment lost about 1,700 jobs in November, compared with October.
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