Labor Markets - November 2010

Payroll employment in October was up from its year-earlier level for both the nation and the District.

Sixth District states added 29,000 jobs in October.

  • According to the BLS, all Sixth District states added jobs in October. The largest job gain was in Tennessee, where payrolls increased 8,700.
  • Government payrolls in the region added 800 jobs in October, the first increase since May 2010.

Payroll employment increased in October in all District states.

Source: BLS, FRBA

In October, employment momentum was mixed across the District. Short-term employment growth improved in Mississippi and Tennessee. Florida, however, moved into the "slipping" quadrant as short-term employment growth declined.

Explanation of employment momentum charts

Source: BLS, FRBA

The unemployment rate for the Sixth District decreased to 10.3 percent in October, still above the national rate of 9.6 percent (on a seasonally adjusted basis).

Source: BLS, FRBA

  • The BLS reported that the unemployment rate declined in Mississippi and increased in Louisiana in October. The unemployment rates in the remaining District states were unchanged.
  • Alabama, Louisiana, and Tennessee are the only District states with an unemployment rate below the national average.
  • Florida's rate of 11.9 percent continues to be the highest in the District and is among the highest in the nation.

Initial unemployment claims declined in most District states in October and early November.

  • A U.S. Department of Labor news release for the week ending Nov. 13 noted a large increase in initial claims in Louisiana.
  • The release also reported a large decrease in claims in Georgia, Florida, and Tennessee.

According to the U.S. Department of Labor, continuing claims were mixed across the District in October and early November.

  • On average, 536,000 people were receiving regular unemployment benefits in the District during the four weeks ending Nov. 6, about 9,000 less than the previous four weeks. These figures do not include emergency and extended benefits recipients.