Pa Unemployment Biweekly claim
August 9, 2009 by Trend PK
Filed under Business News
Pa Unemployment Biweekly claim, Pa unemployment rate refuses to come down. Unemployment rate in Pennsylvania refuses to come down. It is the same as it was in May. This means despite rosy picture splashed repeatedly by President Obama and his team it has no immediate effect on at least unemployment in Pennsylvania.
Over two and half million jobs have been lost so far in 2009, according to the data the Labour Department has released.
March’s monthly loss is up slightly from the loss of 651,000 jobs in February, although it’s less than the number of jobs lost in January. That figure was revised up to a loss of 741,000 jobs, the biggest monthly drop in 59 years.
The unemployment rate climbed to 8.5 percent from 8.1 percent in February, in line with economists’ forecasts. It was the highest since October, 1983.
The job losses were felt throughout all areas of the economy, with the manufacturing and construction sectors as well as business and professional services industries all cutting more than 100,000 jobs each in March.
Retailers and leisure and hospitality companies also trimmed jobs, as did the government. The only industry to post a gain in jobs during the month was the education and health care services group – and that sector added only a modest 8,000 jobs in the month.
Employers cut back the number of hours for their workers as well. The average hourly work week fell to 33.2 hours, the lowest level on record going back to 1964.
In the meantime the unemployment rate dipped slightly in the US in July as the rate of job losses reported slowed, the US Bureau of Labor Statistics reported Friday.
July’s unemployment rate stood at 9.4 percent, representing 14.5 million people, down from 9.5 percent in June representing 14.7 million people.
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