Poll shows that the unemployment rate for October has dropped across the United States, increasing in only five states.
In 34 states, the unemployment rate dropped, while in 11 states, it remained the same, according to a report by the Labor Department, released on Friday. In Vermont, the rate stayed at 4.4 percent seasonally, adjusted for October. Although the unemployment rate was in a steady growth for the past 4 months prior to October, the number is now starting to decrease. Vermont has added in 2014, 1,000 jobs in manufacture, 1,300 jobs in private education and 400 jobs involving professional and technical services. In the top of states with the lowest unemployment rates, Vermont occupies the 8th place.
As the American economy starts to grow at a steady rate, companies are again enabled to put new jobs on the market. However, the new jobs do not influence the increase of wages. Almost 214,000 new jobs were available in October, across the United States. The job numbers have been on the rise for the past 9 months.
The state with the highest unemployment rate in October was Georgia, with 7.7 percent, but it’s still lower than the number for September – 7.9 percent. The top of states with the lowest unemployment rates is led by North Dakota, with only 2.8 percent.
The new jobs that were added in 38 of the states, by different companies caused other jobs to be cut off in 12 of the other states. California gained 41,500 new jobs this year, Texas added 32,500 and Florida added 34,400 jobs. On the other side, Nevada lost almost 7,300 jobs, New York lost 5,600 and New Jersey lost 4,500 jobs in 2014.
October was a great month for Pennsylvania as well. The State Department of Labor and Industry announced that the unemployment rate dropped to 5.4 percent, from 5.7 percent in September. This rate is the lowest unemployment rate that Pennsylvania has seen in six years.
New York also reached the lowest unemployment rate since 2008, with 6.4 percent. The state had 586,400 unemployed New Yorkers in September that number falling to 572,700 in October. Private sector jobs have grown rapidly over the past year, mainly concentrating on New York City, Long Island and Kingston Town.
The unemployment rate across the entire country has dropped from 5.9 percent to 5.8 percent, between September and October.