Jobless rate falls slightly in Mother Lode in Oct.

Union Democrat staff /

Staff and wire reports

The unemployment rate fell in Tuolumne and Calaveras counties in October compared to last year, according to a recent study completed by the Employment Development Department which tracks local labor statistics.

Tuolumne County saw modest job creation and its unemployment rate fall to 12.5 percent in October, compared to 13.1 percent during the same period last year. However, it was a slight increase from September, when unemployment hit a two-year low of 12.4 percent.

The number of people filing for unemployment benefits fell from 3,320

last year to 3,160 in October, with the number of employed people

climbing slightly from 21,980 last year to 22,020 in October.

Most job sectors saw falling or flat employment figures last month, with modest gains in government jobs and hospitality.

While unemployment also fell slightly in Calaveras County to 14.6

percent, the number of people looking for work and the total labor

force also fell. The civilian labor force was 19,300 in October, a 3

percent drop from19,860 during the same period last year.

Comparatively, 2,920 people were unemployed in October, with 2,810 last

year.

Most job sectors decreased or remained flat in Calaveras County

last month, but there was modest growth in state and federal government

jobs.

Unemployment rates fell in three-quarters of U.S. states last

month, a sign that many parts of the country are experiencing modest

job gains.

California, which added 25,700 jobs in October, has an unemployment rate of 11.9 percent.

Unemployment rates fell in 36 states in October and rose in only

five, the Labor Department said Tuesday. Rates were unchanged in nine

states. That's the best showing since April, when rates fell in 39

states.

Nationally, the unemployment rate ticked down to 9 percent in

October, from 9.1 percent the previous month. Employers added a modest

80,000 net jobs last month and the previous two months were revised to

show much stronger gains.

Still, at least 125,000 jobs a month are needed to keep up with

population growth, and at least double that amount to rapidly reduce

the unemployment rate.

Nevada had the nation's highest unemployment rate for the 17th

straight month. It was unchanged at 13.4 percent. California had the

second-highest rate at 11.7 percent. Mississippi and Michigan had the

next highest rates, both at 10.6 percent.

North Dakota reported the nation's lowest unemployment rate, at 3.5 percent. It was followed by Nebraska, at 4.2 percent.

Unemployment rates in Alabama, Michigan and Minnesota all dropped

by a half of a percentage point - the biggest declines among states.

Hawaii, Illinois, Indiana, Louisiana and Oklahoma all reported small increases in their unemployment rates.

Employers added jobs in 39 states. Payrolls declined in 11 states.

Illinois added 30,000 jobs, the most among states.

Illinois' job growth appears to have encouraged many people who had

stopped looking for work to resume job searches, increasing the size of

the labor force. That caused the unemployment rate to rise, despite the

job gain.

Wisconsin reported the biggest job loss, a drop of 9,700, followed by New York, which shed 8,300.

There have been some signs in recent weeks that the economy and

hiring may pick up soon. The number of people seeking unemployment

benefits fell to a seven-month low last week. Retail sales also grew at

a healthy pace in October.

The economy expanded at a 2 percent annual rate in the

July-September quarter, the Commerce Department said Tuesday. That was

below an earlier estimate of 2.5 percent. But the drop was mostly

because companies cut back on their stockpiles of goods, probably

because they expected consumer and business demand to slow.

If demand remains steady, businesses may have to boost inventories

in the current quarter, leading to stronger growth. Many economists

forecast growth will accelerate to about 3 percent in the

October-December quarter.

11854623
The Union Democrat
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