Unemployment rate hits historic low in April

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Unemployment rate hits historic low in April

The Massachusetts Executive Office of Labor and Workforce Development released jobless numbers Thursday.

Unemployment rates in Maui County increased on Maui and Molokaʻi and decreased on Lānaʻi from month before levels.

Westpac economist Andrew Hanlan said further solid gains in employment growth were expected in the months ahead, but noted: "Considerable labor market slack persists, which will continue to weigh on wage and consumer inflation".

Another unemployment measure, known as U-6, fell to 8 percent in April - down from 10.4 percent a year ago. The private sector has regained 92.7 percent or 103,500 out of111,700 jobs lost.

Over the past 12 months, Oregon's total nonfarm payroll employment rose 39,100, or 2.1 percent, which was a deceleration from the growth rate near or above 3 percent throughout much of the past four years.

The labor force includes those who are employed and those actively seeking work.

The state has added an estimated 76,500 jobs since April 2016.

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The April employment report shows the greatest jobs growth occurred in government (+1,900), transportation, warehousing and utilities (+ 1,600) and wholesale trade (+ 1,300). So did the health sector and arts, entertainment and recreation sector. Manufacturing saw a decline of 2,900 jobs.

From April 2016 through April 2017, 11 of the state's 13 industry sectors added jobs.

The financial activities super-sector remained unchanged while six others lost jobs.

Over the two months taken together, the majority of the new jobs were full time - 62,400 versus 35,000 part time.

Five industries expanded their employment in April, while three cut jobs.

The mining states of Queensland and Western Australia did particularly well, reporting trend unemployment rates of 6.4 and 6.1 per cent after gaining 41,100 and 31,100 workers respectively. That is one reason wages are growing at a record low rate, undermining domestic consumption.

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