OH unemployment rate drops in November

Adjust Comment Print

- Roughly 1.9 million people are collecting unemployment benefits, about 43,000 more than the previous week.

The U.S. preliminary unemployment rate of 4.1 percent for November was unchanged from October and down from 4.6 percent one year ago. Virginia's seasonally adjusted unemployment rate was up a slight 0.1 percentage point in November to 3.7 percent, but was down 0.4 percentage point from a year ago.

But a closer look shows the drop is not because more jobless Delawareans are finding work, but rather more people have simply stopped looking.

The BLS also revised its estimated job loss for October to 4,200.

Advised Manchester United to sign Kylian Mbappe, Gabriel Jesus: Ryan Giggs
And the most decorated player in United's history also thinks some of the players they let go should never have been allowed to leave the club.

- The economy expanded at a healthy clip of 3.2 percent at an annual rate in the third quarter, the Commerce Department said Thursday.

The gains were entirely in the private sector; government jobs continued to decline. It found that while unemployment for Whites has held steady over the past year and 3.7% and dropped for Hispanics from 5.0% to 3.3%, it's risen from 6.5% to 8.1% for African-Americans.

Job gains were reported in sectors that include educational and health services; leisure and hospitality; financial activities; professional and business services; and other services.

The mining industry saw jobs fall by 600. Information lost 200 jobs or 1.5 percent.

Comments