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Transcript of "State Employment Trends: November 2011"
State Employment Trends December 2011 National Association of REALTORS® Research Division Compilation of Data from the Bureau of Labor Statistics
Data Highlights – Unemployment Rate <ul><li>The US unemployment rate was down dramatically in November to 8.6 percent from 9.0 percent in October. Over the year, the unemployment rate was down from 9.8 percent. </li></ul><ul><li>The overwhelming majority of states saw the same improvements. Forty-three states and DC saw the unemployment rate improve in the month; an additional 4 states saw no increase. From one month ago, Michigan, Alabama, Minnesota, South Carolina, and Utah had the biggest improvements each seeing more than a 0.5 percent drop in the unemployment rate. </li></ul><ul><li>Since November one year ago, 45 states have had an improvement in the unemployment rate. New Mexico—now at 6.5 percent from 8.6 percent—had the largest improvement in this period followed by Florida and Nevada where the improvement was 1.9 percent each. </li></ul><ul><li>In November, North Dakota, Nebraska, and South Dakota had the lowest unemployment rates—all under 5 percent. At the same time, 7 states and the District of Columbia had double-digit unemployment rates, compared with 10 plus DC in October.. </li></ul>
More Highlights—Payroll Jobs and Outlook <ul><li>45 states and the District of Columbia had positive job growth in the last year, and 29 states and D.C. had positive job growth in November time when net growth was about 120,000 jobs for the nation. The average change among states was less than 0.1% following last month’s strong 0.2% increase. </li></ul><ul><li>The greatest job growth in November was in South Carolina, while Alaska had the largest job decline (both as a share of previous payrolls). </li></ul><ul><li>While unemployment rates plummeted in November, part of the story was a slackening labor force. Going forward, increasing labor force participation may keep the unemployment rate high or even push it up slightly despite the creation of new jobs. </li></ul><ul><li>The following slides show state-level detail of unemployment rates and payroll employment. </li></ul>
AKLNAGRA <ul><li>"All Employees: Total Nonagricultural, Alaska" </li></ul><ul><li>" % Change - Year to Year SA, Thous" </li></ul><ul><li>AKLNAGRA.EMF (LABORR) AKLNAGRA 9901-10912 </li></ul>