Delaware jobless rate up a tenth of a percent as signs of a mild slowdown appear

From Delaware Business Now

Delaware’s seasonally adjusted unemployment rate in August 2019 was 3.4 percent, up from 3.3 percent in July.

The Delaware Department of Labor says the state is seeing a mild slowdown, but nothing akin to the deep recession of 2008 and 2009. A bright spot is teen employment, with a much lower jobless rate for female teen workers.

The state reported 16,600 unemployed Delawareans in August 2019 compared to 17,700 in August 2018.

The US unemployment rate was 3.7 percent in August 2019, unchanged from July. In August 2018 the US unemployment rate was 3.8 percent, while Delaware’s rate was 3.7 percent.

In August 2019, seasonally adjusted nonfarm employment was 466,000, up from 464,500 in July 2019.

Since August 2018, Delaware’s total nonfarm jobs have increased by 5,600, a rise of 1.2 percent. Nationally, jobs during that period increased by 1.4 percent

In its monthly commentary, the Labor Department noted that in August, The number of unemployed residents rose above 16,000 for the first time since March, to 16,600, while the number of residents with jobs fell for the first time this year (last month’s tiny decrease was revised to a tiny increase).

 

Read more:

https://delawarebusinessnow.com/2019/09/delaware-jobless-rate-up-a-tenth-of-a-percent-as-signs-of-a-mild-slowdown-appear/