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State jobless rate edges up to 3.9 percent in April

19 May, 2017, 04:21 | Author: Lorena Waters
  • Jobs growth likely to remain under pressure with consumer showing a reluctance to spend up big

Both of those sectors grew over the course of the year; education and health services added 18,300 jobs and trade, transportation and utilities added 4,200.

Washington state's unemployment rate is at its lowest since June 2007, after falling from 4.7 to 4.6 percent in April, according to the Employment Security Department (ESD).

The Massachusetts Executive Office of Labor and Workforce Development released jobless numbers Thursday. In April, payrolls nationwide bounced back with employers adding 211,000 jobs.

Australian employers increased hiring for a seventh consecutive month, reflecting a broad recovery in the nation's labor market.

Over the year, the state's seasonally adjusted unemployment rate dropped one-tenth of a percent from 4 percent in April 2016.

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Health care employment continued to trend up over the month (gaining 20,000), which is in line with the industry's average monthly job growth during the first quarter of this year but below the average gain of 32,000 per month in 2016.

March's job gain was revised downward to 600, from an initially reported increase of 1,300. 63% of people who participated in the survey said that there has been no significant change in unemployment in the last 3 years. "And, we saw growth in every job sector".

Year-over-year, Washington has added an estimated 76,500 new jobs. The leisure and hospitality sector, which has added 500 jobs since last April, lost 2,400 over the month, and construction, which has added 3,800 year-over-year, lost 1,000 in April.

Preliminary estimates from the U.S. Bureau of Labor Statistics show an increase of 3,900 jobs last month. "And we saw growth in every job sector". Most of the decrease from March 2017 to April 2017 was in durable manufacturing, which accounted for 2,500 of the 2,900 decrease in manufacturing.

Futures markets imply the figures have had no real impact on investor bets about the future of Reserve Bank of Australia interest rate decisions, with rates set to stay steady for most of the next 12 months. That rate - called a U-6 rate - measures "unemployed, underemployed and those who are not looking but who want a job".



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