Washington Monthly Employment Report Shows State Unemployment Rate Fell to New Low

21 Octobre, 2018, 11:12 | Auteur: Auguste Feret
  • Almost 7000 full-time jobs were created over the past month

Minnesota's unemployment rate continues to be lower than the national rate of 3.7 percent.

The number of people with a job increased by 5600 on seasonally adjusted estimates, figures from the Australian Bureau of Statistics show. "But our message on whether that will trigger much faster wage growth is "don't hold your breath", said Paul Dales, chief economist for Australia at Capital Economics.

Minnesota's labor market lost 1,400 jobs last month.

Employment across WA has reached its highest level in three years, with new figures showing the jobs market strengthening.

The trend monthly hours worked increased by 0.2 per cent in September 2018 and by 1.8 per cent over the past year. The drop in the unemployment rate to 5 percent in September suggests that the November SoMP will likely see the forecast trajectory for the unemployment rate nudged down to reflect the lower starting point.

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More details are in the September 2018 issue of Labour Force, Australia (cat.no. 6202.0).

"Recent global experience indicates that the unemployment rate could decline further than historical experience would suggest before we see a material increase in wages growth", Deputy Governor Guy Debelle said in a speech about the labor market on Wednesday.

From September 2017 through September 2018, all thirteen industry sectors added jobs.

Job gains in trade, transportation and utilities led all other sectors in September with a gain of 1,200, followed by government (1,100), financial activities (900), construction (300), and information and professional and business services (each 200). WorkSource also helps employers advertise jobs, convene hiring events and connect with subsidized employee training.

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