Labor Markets - May 2010

Employment in both the District and the nation continued to improve as the rate of job losses slowed in April.

The Sixth District added 50,700 jobs in April from the previous month.

  • All District states except Mississippi added jobs in April.
  • Alabama, Florida, and Georgia accounted for most of the job gains.

Employment momentum improved in all Sixth District states.

Explanation of employment momentum charts

Source: BLS, FRBA

The unemployment rate for the Sixth District declined to 10.8 percent in April, still above the national rate of 9.9 percent (on a seasonally adjusted basis).

  • Louisiana continues to be the only Sixth District state with an unemployment rate below the national average.

Initial unemployment claims were mixed across the District.

  • During the first half of May, claims increased in Georgia and Tennessee but decreased in Florida and Alabama.

Most Sixth District states experienced declining continuing claims.

  • Continuing claims increased slightly in Georgia in May.

All District states except Mississippi added jobs in April. Nationwide, 38 states added jobs.

Most District unemployment rates remain above the national average and among the highest in the nation.