Wednesday, 22 November, 2017

Colorado employers add 4400 payroll jobs; unemployment stays near record low

AR unemployment climbs to 3.5 percent in August Inc. All rights reserved. This material may not be published broadcast rewritten or redistributed
Howard Terry | 16 September, 2017, 00:40

The Vermont Department of Labor says the state's unemployment rate dropped one-tenth of 1 percent last month and the state's employers are now struggling to find talent. North Dakota and Colorado reported the nation's lowest unemployment rates, at 2.3 percent and 2.4 percent, respectively.

It moved up another tenth of a percent from 4.8 to 4.9 percent, keeping it a half percent higher that the national unemployment rate, which moved to 4.4 percent in August.

The state's preliminary jobs estimate for July was also revised up from 800 to 3,400 jobs added.

Idaho's August seasonally adjusted unemployment rate fell to its lowest level in 10 years, matching the state's record low of 2.9 percent in June 2007.

Compared to August 2016, nonfarm payroll jobs in Arkansas rose 22,500. Boise (up 0.8 percent), Coeur d'Alene and Pocatello (0.5 percent) MSAs together saw nonfarm job increases of 3,000. Of the 14,200 jobs added last month, 9,700 were in the private sector.

The figures reflect the steady job gains nationwide that have fueled the eight-year long economic recovery from the Great Recession. As a result, job gains over the year stand at 6,000. Those were offset by the loss of 4,600 professional and business services jobs and 1,300 in financial activities.

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