Hoosier unemployment inches lower for February

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Will it only go up from here, or is there still room to drop?

Ohio's unemployment rate in February was 4.5%, down from 4.7% in January, the Ohio Department of Job and Family Services reported this morning.

The U.S. rate has stayed at 4.1 percent the past five months.

Minnesota continues to have a lower jobless rate than the nation as a whole.

The state's unemployment rate, which ticked down from 4.8 percent in January, is the lowest it has been since April 2007.

During the 1999 period, the state's labor force participation rate was almost 73 percent. "Both trends are good".

"Minnesota's unemployment rate is at a level last seen in August 2000", DEED Commissioner Shawntera Hardy said in a statement. "We never should expect the rate to approach zero".

The labor force participation rate, which measures how many people are working out of everyone 16 or older, was 68.6 percent, which is still well short of the record high of 74.8 percent in September and October 1997. Walden estimates that between 60,000 and 70,000 North Carolinians now are in the dropout category.

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A rate compiled by the U.S. Bureau of Labor Statistics - the U6 index - includes those categories.

Construction spending reached record levels in January of almost $1.3 trillion on a seasonally adjusted annual basis but not adjusted for inflation, AGC said.

Nationally, the unemployment rate held steady during February at 4.1 percent.

Another factor which contributes to unemployment in our state is the drug abuse problem in New Mexico.

The number of unemployed in February was 95,099, the lowest number since May 2008.

Since February 2017, Kansas gained 7,700 seasonally adjusted total nonfarm jobs and 6,000 private sector jobs. Over the year, Education and Health Services gained 5,900 (+0.7%) jobs.

EDD said six of California's 11 industry sectors added a combined 23,500 jobs in February. Since February 2017, Kentucky's manufacturing sector has added 900 jobs or 0.4 percent. Trade, transportation and utilities was the biggest sector decline, down 3,100 jobs. Zeller said looking at the calendar year 2017, OH didn't have any net job growth. Ohio's unemployment rate was 5.1 percent in February 2017.

The Rhode Island rate is four-tenths of a percentage point higher than the national rate of 4.1 percent. Growth in the labor force is often viewed as a sign of optimism in the economy.

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