Regional Economics Information

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Data & Analysis

Labor Markets - July 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: June 2009
Month-over-Month Change in Employment
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Source: BLS

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

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

Excel logoData
Unemployment Rates
Unemployment Rates
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Source: BLS

Unemployment Rates: June 2009
Unemployment Rates
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Source: BLS

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

Labor Markets

July 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 45,200 jobs in June from a month earlier on a seasonally adjusted basis. Florida, Georgia, and Tennessee accounted for most of the job losses. Mississippi, the only state in the District to add jobs, added 4,500 jobs in June, the second-largest month-over-month increase in the nation. Labor markets remained strained throughout the District. The nation as a whole lost 467,000 jobs in June.

May employment figures for the District were revised upward by 10,300 to –74,800.

Changes in Payroll Employment
M/M absolute change Y/Y % change
June
2009
May
2009
June
2009
May
2009
AL –1,500 –1,600 –4.5 –4.7
FL –19,900 –50,800 –5.1 –5.2
GA –14,200 –14,800 –5.2 –5.1
LA –1,800 –1,700 –0.6 –0.6
MS 4,500 –2,000 –2.7 –3.3
TN –12,300 –3,900 –4.6 –4.8
District –45,200 –74,800 –4.4 –4.5
US –467,000 –322,000 –4.1 –3.9

Payroll Employment Momentum
In June, short-term employment growth improved in Mississippi, with the state moving closer to Quadrant 4. This improvement was mainly a result of the state's positive payroll figures in June. Short-term employment momentum held steady in Georgia and Louisiana but improved slightly in the rest of the Sixth District and in the United States (less the Sixth District states). Improvements in short-term employment growth reflected a decline in the pace of job losses in recent months.

Unemployment Rate
The overall unemployment rate for the Sixth District states increased to 10 percent in June, above the national rate of 9.5 percent (on a seasonally adjusted basis). Louisiana's unemployment rate remained below the national level but is still seen as high for the state.

June
2009
May
2009
AL 10.1 9.8
FL 10.6 10.3
GA 10.1 9.6
LA 6.8 6.6
MS 9.0 9.7
TN 10.8 10.7
District 10.0 9.8
US 9.5 9.4

Unemployment Claims
Average weekly initial claims picked up in Georgia, Florida, and Alabama in June. Although initial claims continued to level off in Tennessee, Mississippi, and Louisiana, current levels still reflect a weak labor market.

Average weekly continuing claims remained elevated in all District states but have declined from their recessionary peaks in all states except Louisiana and Georgia. Georgia's continuing claims reached a historical high in June, reflecting an increase in layoffs. Elevated levels of continuing claims were also indicative of weak hiring rates.


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