Saturday, September 27, 2008

Unemployment statistics for August released


The Bureau of Labor Market Information, Office of Workforce Development, released the August unemployment rates by county on Tuesday. Once again, the rate creeped up in Adams County from 9.1 percent in July to 9.3 percent last month. The monthly increase was the third straight for Adams County.

Interestingly, the number of unemployed (1,300) in Adams County in August, matches the average number of unemployed 10 years ago. However, in 1998, with a lower average number for the year (12,600) in the civilian labor force, the average of 1,300 unemployed for the year amounted to an 11.1 percent unemployment rate.

Looking at the employment figures from a different perspective, we have 2,400 more people in Adams County employed now than we did in 1998. The figures: an average of 10,000 employed in 1998 compared to 12,400 employed in August of this year.

The following is a press release from the Ohio Department of Job and Family Services:

Ohio's unemployment rate was 7.4 percent in August, up from 7.2 percent in July, according to data released this morning by the Ohio Department of Job and Family Services. Ohio's nonfarm wage and salary employment decreased 3,700 over the month, from 5,410,500 in July, to 5,406,800 in August.

"Ohio's labor market continued to mirror the national trend by showing signs of decline in August," ODJFS Director Helen Jones-Kelley said. "Larger decreases in the goods-producing sectors resulted from continued losses in manufacturing and durable goods."

The number of workers unemployed in Ohio in August was 445,000, up from 432,000 in July. The number of unemployed has increased by 106,000 in the past 12 months from 339,000. The August unemployment rate for Ohio was up from 5.7 percent in August 2007.

The U.S. unemployment rate for August was 6.1 percent, up from 5.7 percent in July.

Total Nonagricultural Wage and Salary Employment (Seasonally Adjusted): Ohio's nonfarm payroll employment fell 3,700 over the month, from 5,410,500 in July to 5,406,800 in August, according to the latest business establishment survey conducted by ODJFS.

Goods-producing industries, at 985,700, declined 6,500 from July. The loss was concentrated in manufacturing (-6,200) as reductions in durable goods (-6,400) were partially offset by small gains in nondurable goods (+200).

Construction employment was down by 400. Natural resources and mining advanced 100. Service-providing employment rose 2,800 to 4,421,100. Educational and health services was up 2,300 due to growth in health care and social assistance (+1,600) and educational services (+700). Also up were leisure and hospitality (+800) and government (+700).

Declines occurred in financial activities (-600), information (-200), and professional and business services (200). Trade, transportation, and utilities and other services were virtually unchanged over the month.

Over the past 12 months, nonagricultural wage and salary employment fell 19,300. Goods-producing employment was down 20,500 as losses in durable goods helped reduce manufacturing 15,000. Construction dropped 5,900, while natural resources and mining added 400 jobs.

Service-providing industries advanced 1,200 over the year. Sectors with increased employment were educational and health services (+10,700) and leisure and hospitality (+2,100). Employment was down in trade, transportation, and utilities (-3,200), government (-2,600), information ( 2,000), financial activities ( 1,900) and other services (-1,900). There was little change in professional and business services.

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