Today, the Employment Security Department released the November unemployment rate, which has decreased to approximately 6.8%, down from the October number of 7.0%. Our state’s unemployment rate is just slightly below the rate for the United States, which was reported at 7.0% for November.
In terms of jobs lost, the state continued to see a decline with the loss of about 6,000 jobs in November. However, the news is good for October as the number of jobs originally thought to have been lost is actually less than first stated. Recall that it was initially reported that 8,100 jobs were lost in October. That number has since been updated to 7,400.
Industries that saw an increase in the number of jobs last month included leisure and hospitality, financial activities, information, and retail trade. All other industries saw a decrease. In comparing November to October’s report, retail trade was the only industry that continued to increase both months.
To date, it is estimated that our state has added over 34,000 jobs this year and has recaptured almost 80% of the jobs that were lost during the recession. In numbers, that’s 161,400 jobs recouped out of the 205,000 lost.