Regional Economics Information

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Data & Analysis

Labor Markets - April 2009

Data Sources on the Web
U.S. Bureau of Labor Statistics (BLS)
U.S. Department of Labor
 
Excel logoData
Payroll Employment Growth
Payroll Employment Growth
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Source: BLS, FRBA

Excel logoData
Payroll Employment Growth by State
District Payroll Employment Growth
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Source: BLS, FRBA

Month-over-Month Change in Employment: March 2009
Month-over-Month Change in Employment
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Source: BLS

Explanation of chart
Payroll Employment Momentum: March 2009
Unemployment Rates
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Source: BLS, FRBA

Explanation of chart
Payroll Employment Momentum: February 2009
Unemployment Rates
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Source: BLS, FRBA

Excel logoData
Unemployment Rates
Unemployment Rates
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Source: BLS

Unemployment Rates: March 2009
Unemployment Rates
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Source: BLS

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Unemployment Claims
Initial and Continuing Unemployment Claims
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Source: U.S. Department of Labor
Data and Analysis

Labor Markets

April 2009

Payroll Employment
Payroll Employment Momentum
Unemployment Rate
Unemployment Claims

Payroll Employment
According to U.S. Bureau of Labor Statistics (BLS) data, the Sixth District states lost a net 96,500 jobs in March from a month earlier on a seasonally adjusted basis. The drop in employment marked the sixteenth consecutive month of job losses for the District. Job losses were widespread throughout the District with the exception of Mississippi, which gained 300 jobs. Employment growth continued to deteriorate more rapidly for the District than for the nation. Payroll employment for the District as a whole was 4.3 percent less than a year earlier versus 3.5 percent less for the nation. The nation as a whole lost 663,000 jobs in March.

February employment figures for the District were revised downwards by 200 to –118,600.

Changes in Payroll Employment
  M/M absolute change   Y/Y % change  
  March
2009
Feb
2009
March
2009
Feb
2009
AL –7,800 –11,100 –4.2 –4.0
FL –51,900 –54,000 –5.4 –5.1
GA –12,100 –33,900 –4.4 –4.3
LA –6,100 2,700 0.2 0.4
MS 300 –7,100 –3.2 –3.4
TN –18,900 –15,200 –4.4 –3.9
District   –96,500 –118,600 –4.3 –4.0
US –663,000 –651,000 –3.5 –3.1

Payroll Employment Momentum
Short-term employment growth weakened notably in Louisiana, and the state slipped into Quadrant II in March. Large declines in short-term employment growth reflect the acceleration of job losses in recent months. Long-term employment growth weakened in Tennessee. Employment momentum picked up slightly in Mississippi, one of only two states in the nation that added jobs in March. Employment momentum for other District states as well as for the United States (less the Sixth District states) held fairly steady in March.

Unemployment Rate
The overall unemployment rate for the Sixth District states increased to 9.2 percent in March from 8.9 percent in February, well above the national rate of 8.5 percent (on a seasonally adjusted basis).

  March
  2009
Feb
2009
AL 9.0 8.4
FL 9.7 9.6
GA 9.2 9.2
LA 5.8 5.7
MS 9.4 9.1
TN 9.6 9.0
District   9.2 8.9
US 8.5 8.1

Unemployment Claims
Districtwide initial claims remained elevated in March. Initial claims in Alabama and Tennessee were up 126 percent and 159 percent from last year, respectively. Rising initial unemployment claims suggest that near-term labor market growth will be weak. Continuing claims for Alabama, Florida, Georgia, and Tennessee remained at the highest levels since the series began in 2001. Continuing claims for the District as a whole were up 115 percent in February compared to a year earlier, indicating that the unemployed continue to have difficulty finding new jobs.


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