Minnesota's unemployment rate ticked up one-tenth of a percentage point to 2.9% from May to June, and the labor force participation rate ticked down two-tenths of a percentage point to 67.8% over the month. Check out more of the latest jobs data here: https://bit.ly/4f4ZVFX
Minnesota Department of Employment and Economic Development’s Post
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October was a good month for Nebraska when it came to unemployment. Here's a quick breakdown of important unemployment rates: NE October 2022: 2.7% NE October 2023: 2.2% U.S. October 2023: 3.9% Nebraska Department of Labor https://ow.ly/oJM550Qg8X9
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Unemployment in Minnesota is at 2.8% at this moment. Of course that number fluctuates all the time. Here is the official site to keep tabs on just how good or not so good our local economy is doing: https://lnkd.in/gsdVJ39m
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mn.gov
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The latest unemployment data for January 2024 has been unveiled, revealing a notable uptick in the unemployment rates across Illinois, Indiana, Kentucky, Wisconsin, and Missouri. Looking ahead to February 2024, it is anticipated that these states may continue to grapple with economic challenges, potentially witnessing further fluctuations in their unemployment rates as various factors come into play, including regional economic policies, job market dynamics, and broader macroeconomic trends.
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So I did a little diving into unemployment statistics yesterday after seeing a bunch of posts about people around me not being able to find work. The way the US Labor Department measures unemployment is truly a freaking joke. The one measure that killed me is if your 16-year-old participates in your business (home-based, farm, ranch, etc.) they will count that child as being employed whether you pay them or not. The second one that astounded me was they only survey about .035% of the actual population to come up with their numbers monthly. This is a look into how ignorant people in Washington really are. A third one that got to me, if a person is not actively looking for employment, they mark them in a separate column as not seeking employment. So these people don't get counted in the unemployment numbers that are published every month. The US government is padding numbers to make is look like things are better than they really are. All you have to do is look for the evidence, it is out there, and it is on their websites to boot. They tell anyone that is interested that they are straight up manipulating the population into a false comfort. Anyway, food for thought. Hope y'all have a great Tuesday!
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Senior Vice President of Business and Community Development at Wisconsin Economic Development Corporation
Our friends at the Wisconsin Department of Revenue have another well done monthly economic update out for July (June releases). Already formatted as a pdf file you can easily use. Highlights include: Wisconsin's unemployment rate remained at 2.9% in May, vs. 4.0% for the U.S. The labor force participation rate in Wisconsin was unchanged at 65.6%, while the U.S. rate fell to 62.5% in May. Wisconsin's nominal total personal income in the first quarter of 2024 increased 6.2% at a seasonally adjusted annual rate. https://lnkd.in/gg7x89nP
Monthly Economic Update
revenue.wi.gov
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Check out the Southwest Region Local Look from the Minnesota Department of Employment and Economic Development and learn about the low unemployment rates in our region and projections for the future. Read the whole article here: https://loom.ly/TI90kwA
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Outplacement | Job Search Coach | Executive Coach | Career Coach | Author | Speaker | Leadership Development Coach | Human Resource Consultant
Are the Unemployment Rates Really that Bad? Well, that depends on where you live. Unemployment rates are not necessarily a fun topic to discuss. However, it’s important to know the unemployment rates in the areas your business operates. For example, in California, the unemployment rate is 5.3%, while the National figure is only 3.8%. When we dive into California data, we see there are several unemployment rates depending on the location: • El Centro 18.2% • Merced and Monterey were both over 11% • Visalia 10.9% • Los Angeles is 5% • Orange County 3.7 % • San Diego is 4.5% • San Luis Obispo and Napa both have the lowest rate at 3.9% Each market has its own unemployment rates, as you can see from the states listed below: • Texas 6.25% • Illinois 4.8% • Florida 3.9% • Indiana 3.5% • NY 3.4% • Iowa 2.9% If your company is considering a reduction in its workforce, reach out to Power Connections Career Services for details on our Outplacement Services. We help your separated employees, wherever they may be located, find their next position quickly and not become another statistic driving up the unemployment rates. #unemploymentrate
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Executive Vice President at Octagon Executive & Professional Recruiting . Elevating the careers of ambitious Accounting, Finance, & HR management professionals by placing them w/ growing South Florida organizations.
Florida continues to look strong going into the 2nd half of 2024. Compared to national averages, GDP and payroll growth will be a little bit faster, and unemployment will remain one of the lowest in nation. No easy answer to public transportation and commuting challenges, as well as the run up in housing costs however.
Florida’s economy is resilient, but growing pains persist
cfpublic.org
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Florida's October unemployment rates released in November held steady at 2.8%. Nine of ten major industries experienced positive YOY job growth. The industry losing jobs YOY was IT (-2.6%). US Unemployment was 3.6%. Miami-Dade County had the lowest unemployment with 1.6%. Hendry County had the highest at 5.1%. Tampa Bay MSA came in at 3.2%, Orlando MSA at 3.1% and Lakeland-Winter Haven MSA registered 3.9%
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Here is a visualization of the unemployment rate throughout the entirety of 2023 for the Southeast Texas MSA (Jefferson, Orange, Hardin, and Newton counties). Our region experienced a a rate above 6.0% throughout the majority of the year; however, we ended the year with a rate returning to pre-pandemic levels.
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