Published: Tue, March 14, 2017
Global | By Doris Richards

Weld County's unemployment rate stays low heading into new year

Weld County's unemployment rate stays low heading into new year

The unemployment rate in Arkansas lowered to 3.8 percent in January 2017, according to data from the U.S. Department of Labor, Bureau of Labor Statistics.

Unemployment rates for other states were 2.7 percent in New Hampshire, 3.1 percent in Vermont, 3.2 percent in MA, 4.7 percent in Rhode Island, and 4.5 percent in CT.

The Nebraska Labor Department said in a news release that the state rate was a tenth of a point higher than the January 2016 rate of 3.2 percent. Despite the decline, the area's job growth rate a year ago was well ahead of the 2.3 percent statewide average and second-fastest in the state behind Fort Collins.

Limestone County's unemployment rate was 6 percent in January, up from 5.2 percent in December and 5.5 percent in January 2016. The country has an aging population and more people are retiring.

Indiana's Labor Force increased by 7,162 over the previous month with a 6,344 increase in employment and a 818 increase in unemployment.

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He said some people are returning to the labor force but many who dropped out have not returned, and economists are waiting to see how permanent that drop in participation is.

"The Fed's about to raise rates again and there's some data out there that suggests the economy is about to heat up", he said. Ten major industry sectors posted job losses, the majority of which experienced typical seasonal fluctuations.

In another sign of tightening conditions, the average work week for all private sector employees increased from 33.4 to 33.8 hours.

Professional and business services added 2,700 jobs, mostly in professional-scientific-technical services. Employment in other services rose 1,900. The largest decline was posted in government, down 1,600.

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