Labor Markets - October 2010

Employment in September was up from its year-earlier level for both the nation and the District.

Sixth District states lost 11,900 jobs in September while private payrolls increased over the month.

  • According to the BLS, the only Southeastern states to add jobs in September were Mississippi and Tennessee for the second month in a row. Almost all District job losses were in Florida, where payrolls decreased by 11,100.
  • The region added 4,600 private sector jobs in September after a decline of 7,800 the previous month.

Payroll employment decreased in September in all District states except Mississippi and Tennessee.

Source: BLS, FRBA

In September, employment momentum was split across the District. Momentum slipped in Alabama, Florida, and Georgia as short-term employment growth declined. Mississippi and Tennessee gained momentum from an increase in short-term employment growth.

Explanation of employment momentum charts

Source: BLS, FRBA

The unemployment rate for the Sixth District remained at 10.4 percent in September, 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 three Southeastern states (Alabama, Mississippi, Tennessee) and increased in two (Florida and Louisiana). Georgia's unemployment rate was 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 September and were mixed in early October.

  • A U.S. Department of Labor news release for the week ending Oct. 9 noted a large increase in claims in Alabama, Georgia, and Tennessee.
  • The release also reported a large increase in claims in Florida following a large decrease in claims the previous week.

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

  • On average, 545,000 people were receiving regular unemployment benefits in the District during the four weeks ending Oct. 2, about 8,000 less than the previous four weeks. These figures do not include emergency and extended benefits recipients.