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Texas jobless rate drops to lowest in 40 years

25 December, 2017, 17:30 | Author: Greg Wolfe
  • Texas jobless rate drops to lowest in 40 years

Charleston County had the lowest rate at 3.1 percent.

The County of Maui as a whole had a 2.1% unemployment rate (non seasonally adjusted) for November 2017, up from the 2% rate in October 2017, and down from the 3.1% rate at the same time previous year. Counties with the highest unemployment rates are: Wilcox County at 9.3 percent, Clarke County at 6.7 percent and Lowndes County at 6.4 percent. Rates also dropped to record lows in California, Hawaii, Mississippi and Texas in November. The Labor Department's state unemployment report showed that in the past 12 months, 27 states have added payroll jobs.

Jobs losses were experienced in Information (-100), Trade, Transportation, & Utilities (-200), Professional & Business Services (-200), Educational & Health Services (-300), and Other Services (-300).

The U.S. unemployment rate was unchanged at 4.1 percent. California was second in job additions with 288,300.

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The leisure and hospitality segment lost about 1,700 jobs in November, compared with October. Two industry sectors reported job declines over the month, down a total of 8,200 jobs.

The state's annual employment growth was 2.7 percent, making for 91 consecutive months of annual growth. In total, 17 states have unemployment rates below this national average of 4.1 percent.

The state unemployment rate reached 3 percent in both September and October, its lowest level since the federal government began tracking the statistic in 1976.

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