Thursday, June 4, 2015

EMPLOYMENT PICTURE CONTINUES IMPROVIING IN MAY



The biggest increase occurred in Silicon Valley’s San Jose-Sunnyvale-Santa Clara metro area, where payrolls grew 6%. That was followed by the areas surrounding Orlando, Fla., where payrolls grew 4.3%, and Riverside, Calif., which saw 4.1% payroll growth. Employment in New Orleans-Metrairie—the only metro area without an increase—held steady in April from a year ago.
Expanding payrolls also helped push down the unemployment rate in the vast majority of big U.S. cities. Austin-Round Rock, Texas had the lowest rate in April, at 3%, followed by Salt Lake City, Utah, at 3.1%. The Las Vegas area had the highest jobless rate at 7.*
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Only two big cities had higher jobless rates in April than a year earlier: New Orleans-Metrairie, where more people have returned to the workforce, and Kansas City.
Of all the 387 metropolitan areas, payrolls grew in 85.3% of them from a year earlier, and nearly nine out of 10 had lower jobless rates.*

The number of Americans filing new claims for unemployment benefits fell by 8,000 to 276,000 in the week ended May 30th from the previous week. The 4-week moving average increased while continuing claims reached the lowest since late 2000.**



* http://blogs.wsj.com/economics/2015/06/03/all-but-one-of-americas-big-metro-areas-added-jobs-in-april/?mod=djemRTE_h
** http://www.tradingeconomics.com/united-states/jobless-claims

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