[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]
|
Status: Not Logged In; Sign In
Business Title: Payrolls Increase in 37 U.S. States, Led by Michigan Payrolls increased in 37 U.S. states in July, led by a jump in Michigan that may reflect a gain in auto making. Employers in the Michigan added 27,800 jobs last month, the most since October, figures from the Labor Department showed today in Washington. Massachusetts, New York and Minnesota rounded out the four states with the biggest job gains. Employment in the District of Columbia climbed by 17,800, the most since records began in 1990 and second behind Michigan. The U.S. lost 131,000 jobs last month as the government cut temporary workers conducting the 2010 census, and private payrolls rose a less-than-forecast 71,000, according to Labor Department figures released Aug. 6. Manufacturing employment increased by 36,000, a seventh consecutive gain. “If there’s any strength anywhere, one would expect it to be in some of the Midwestern manufacturing centers, even in the Great Lakes region because of the newfound stability for the auto industry,” Steven Cochrane, director of regional economics at Moody’s Economy.com in West Chester, Pennsylvania, said before the report. The majority of the gain in Michigan was due to a 20,100 increase in factory jobs, today’s report showed. Job Losses North Carolina, with a loss of 29,800 jobs, and New Jersey, with a 21,200 decrease, paced the 13 states showing declines in payrolls. All industries except construction and government agencies showed gains in payrolls, led by a 77,000 increase in education and health care. Government agencies cut 202,000 workers from payrolls, in part reflecting the drop in census workers. Nevada had the highest jobless rate in the country, reaching 14.3 percent, the highest since data began in 1976. Unemployment in Michigan, the second-highest, dropped to 13.1 percent from 13.2 percent. The report showed 11 states had unemployment of 10 percent or higher. Eighteen states showed a decrease in joblessness, paced by a 0.6 percentage point drop in Alabama. New York City’s unemployment rate fell for the seventh straight month, to 9.4 percent from 9.5 percent, the state Labor Department said yesterday. The state’s rate remained unchanged at 8.2 percent. Budget Cuts New Jersey’s jobless rate rose to 9.7 percent in July, the first monthly increase since December as municipalities cut payrolls to balance budgets. State and local employment data are derived independently from the national statistics, which are typically released on the first Friday of every month. The state figures are subject to larger sampling errors because they come from smaller surveys, making the national figures more reliable, according to the government’s Bureau of Labor Statistics. State and local governments are facing mounting budget deficits that in turn are forcing some municipalities to make their own staff reductions. Congress this month passed legislation providing $26 billion in aid to state governments that is designed to prevent thousands of layoffs of teachers and other public service employees. CareFusion Corp. is one company cutting workers. The San Diego-based maker of products to reduce hospital injections and monitor medical safety said Aug. 10 that it will eliminate about 700 jobs as part of a restructuring designed to eliminate layers of management and to lower costs. The labor market may feed voter discontent with the state of the economy heading into the November elections that will determine which party controls Congress. President Barack Obama yesterday called on lawmakers in Washington to cut taxes and ease credit for small businesses when they reconvene in September.
Post Comment Private Reply Ignore Thread |
|
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]
|