Regional and State Employment and Unemployment Summary November-2012

Regional and State Employment and Unemployment Summary

For release 10:00 a.m. (EST) Friday, December 21, 2012              USDL-12-2462

Technical information:
 Employment:    (202) 691-6559  *  sminfo@bls.gov  *  www.bls.gov/sae
 Unemployment:  (202) 691-6392  *  lausinfo@bls.gov  *  www.bls.gov/lau

Media contact:  (202) 691-5902  *  PressOffice@bls.gov


    REGIONAL AND STATE EMPLOYMENT AND UNEMPLOYMENT -- NOVEMBER 2012


Regional and state unemployment rates were generally lower in
November. Forty-five states and the District of Columbia recorded
unemployment rate decreases and five states had no change, the U.S.
Bureau of Labor Statistics reported today. 

Forty-three states and the District of Columbia registered unemployment 

rate decreases from a year earlier, six states experienced increases, 

and one state had no change. 

The national jobless rate, 7.7 percent, edged down from
October and was 1.0 percentage point lower than in November 2011.

In November 2012, nonfarm payroll employment increased in 30 states
and decreased in 20 states and the District of Columbia. 

The largest over-the-month increase in employment occurred in North Carolina
(+30,600), followed by Florida (+24,500) and Texas (+22,100). 

The largest over-the-month decrease in employment occurred in New York
(-33,500), followed by Indiana (-9,100) and New Jersey (-8,100).
November data for New Jersey and New York reflect the impact of
Hurricane Sandy, as well as underlying economic trends. 

Louisiana experienced the largest over-the-month percentage increase in
employment (+0.9 percent), followed by Hawaii, Nevada, and North
Carolina (+0.8 percent each). 

The District of Columbia experienced the largest over-the-month percentage decline in employment (-0.7 percent),
followed by Nebraska and New York (-0.4 percent each). 

Over the year,
nonfarm employment increased in 45 states 

and decreased in 5 states and the District of Columbia. 

The largest over-the-year percentage
 increase occurred in North Dakota (+4.7 percent). 

The largest over-
 the-year percentage decrease in employment occurred in West Virginia
(-1.8 percent).

http://www.bls.gov/news.release/laus.nr0.htm

USA Jobless Rate Slightly Jumps in September 2012

The jobless rate probably rose in September as employers kept a lid on hiring, showing why Federal Reserve policy makers have zeroed in on shoring up the U.S. labor market, economists said before a report this week.
The rate rose to 8.2 percent from 8.1 percent in August, according to the median forecast of 62 economists surveyed by Bloomberg before Oct. 5 figures from the Labor Department. Payrolls increased by 115,000 in September, less than the 139,000 average over the first eight months of the year, the report may also show.
Persistent joblessness may curb wage gains and limitconsumer spending, representing another impediment to an economy facing a slowdown in manufacturing as global demand cools and businesses curtail investments. Fed Chairman Ben S. Bernanke and his colleagues at the central bank pledged this month to keep pumping money into financial markets until employment picks up.
“We’re looking for pretty sluggish payroll growth,” said Peter D’Antonio, an economist at Citigroup Global Markets Inc. in New York. “This will be more of the same, what Bernanke called ‘worrisome.’ It may reflect weakness coming from abroad, weakness in manufacturing, and the gains aren’t being helped by risks from fiscal policy.”
September’s projected payroll increase would follow a 96,000 gain the prior month.
This week’s release marks the next-to-last employment report before the November elections, in which economic issues play a central role.
http://www.bloomberg.com/news/2012-09-30/jobless-rate-probably-climbed-in-september-u-s-economy-preview.html

Americans Budget spending Pie Chart

http://money.cnn.com/interactive/news/economy/us-spending/?iid=HP_LN

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