Labor Bureau Releases Jobs Report
Despite having the largest year-over-year gain in the number of jobs, California is among the leaders in the jobless rate again, according to federal data from the Labor Bureau on Tuesday.
Regional and state unemployment rates were little changed in October, according to federal statistics.
Thirty-seven states and the District of Columbia recorded unemployment rate decreases, seven states posted rate increases, and six states had no change, the U.S. Bureau of Labor Statistics reported today. Forty-two states and the District of Columbia registered unemployment rate decreases from a year earlier, while eight states experienced increases. The national jobless rate, 7.9 percent, was essentially unchanged from September but was 1.0 percentage point lower than in October 2011.
In October 2012, nonfarm payroll employment increased in 35 states and the District of Columbia and decreased in 15 states. The largest over-the-month increase in employment occurred in California (+45,800), followed by Texas (+36,600) and Georgia (+16,100). The largest over-the-month decrease in employment occurred in Michigan (-16,500), followed by New Jersey (-11,700) and Minnesota (-8,100). Utah experienced the largest over-the-month percentage increase in employment (+0.7 percent), followed by Louisiana and Montana (+0.6 percent each).
Regional Unemployment (Seasonally Adjusted)
The West continued to record the highest regional unemployment rate in October, 9.0 percent, while the Midwest again reported the lowest rate, 7.3 percent. Over the month, two regions experienced statistically significant unemployment rate changes, both of which were declines: the South (-0.2 percentage point) and the West (-0.1 point). Significant over-the-year rate changes were registered in three regions: the South and West (-1.1 percentage points each) and the Midwest (-0.9 point).
Among the nine geographic divisions, the Pacific continued to report the highest jobless rate, 9.5 percent in October. The West North Central again registered the lowest rate, 5.6 percent. Three divisions experienced statistically significant unemployment rate changes over the month: the South Atlantic (-0.3 percentage point) and the Pacific
and West South Central (-0.2 point each). Seven divisions had significant rate changes from a year earlier, all of which were decreases. The largest of these declines occurred in the Pacific (-1.3 percentage points).
State Unemployment (Seasonally Adjusted)
Nevada continued to record the highest unemployment rate among the states, 11.5 percent in October. Rhode Island and California posted the next highest rates, 10.4 and 10.1 percent, respectively. North Dakota again registered the lowest jobless rate, 3.1 percent.
Nonfarm Payroll Employment (Seasonally Adjusted)
In October 2012, fourteen states recorded statistically significant over-the-month increases in employment. The largest of these increases occurred in California (+45,800), Texas (+36,600), and Georgia (+16,100). Four states experienced statistically significant employment declines over the month, the largest of which was in
Michigan (-16,500). (See table D.)
Over the year, 31 states experienced statistically significant changes in employment; only West Virginia’s employment decreased (-11,000). The largest over-the-year jobs increase occurred in California (+295,300), followed by Texas.