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Economy in Brief

State Labor Markets in September 2022
by Charles Steindel  October 21, 2022

State labor market results in September were on the whole mixed. Only 9 states experienced statistically significant increases in payrolls, with New Hampshire's .8 percent gain the only one larger than ½ of one percent; however, Delaware saw a statistically significant drop of .6 percent. On the positive side Florida gained 48,800 jobs and Texas picked up 40,000. Over the last 12 months, every state (and DC) saw a gain in payrolls, though in Mississippi the increase was not deemed to be statistically significant. Texas's 5.6 increase was (again) the largest, Louisiana saw a 5.2 percent increased, Florida was up 5.1 percent, and Georgia 5.0 percent. Aside from Mississippi, Ohio had the smallest increase (1.7 percent).

11 states saw statistically significant increases in their unemployment rates in September, but the largest was only .3 percentage point (Rhode Island, form 2.8 to 3.1 percent). 9 states saw statistically significant declines, led by New Jersey's .7 percentage point plunge (more or less evenly split between an increase in employment and a drop in the labor force). The range of state unemployment rates is now fairly narrow—from Minnesota's 2.0 percent to Alaska's 4.4 (the latter is a record low for the state). DC's rate was 4.7 percent.

Hurricane Fiona prevented the computation of Puerto Rico's September labor force and unemployment data. Payrolls on the island were virtually unchanged (the pont estimate was down 100).

Viewpoint commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
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