Jobless rate gets expected boost.Byline: Randi Bjornstad The Register-Guard Lane County's unemployment rate ticked up in June June: see month. to 5.1 percent, but Brian Rooney Brian Rooney (c. 1970) is a construction worker who is a suspect (and currently the only suspect), in the abduction and murder of 21-year-old college student Michelle Gardner-Quinn, a senior from the University of Vermont, located in Burlington, Vermont. , regional economist with the state Employment Department, says that's to be expected. "This time of year, as students finish up their classes and look for permanent work or summer jobs, they're they're Contraction of they are. they're be counted as unemployed," Rooney Rooney can refer to:
"That's the main reason unemployment has gone up from last month's 4.7 percent figure." In fact, the county's unemployment rate is the best it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have been since the mid- mid- pref. Middle: midbrain. 1990s, he said, "and before that, we hadn't seen such low rates since the late 1970s." The downside Downside The dollar amount by which the market or a stock has the potential to fall. Notes: You might hear someone say that the downside on stock XYZ is $10. What that means is that the stock could fall by this amount if things got bad. of the just-released unemployment figures continues to be a decline in higher-paying manufacturing jobs. The number of workers in wood products manufacturing has dropped by 300 from a year ago, although last month's number was 100 more than it was in May. Transportation equipment manufacturing, which includes recreational vehicles, also took a dip in the past year, down 500 employees to 4,000. The biggest gains in employment occurred in the service sector, with an increase in June of 400 workers in the leisure and hospitality industry, to a total of 14,800. Without that growth, the number of workers would have remained flat from June 2006 through May 2007. Other industries that gained workers compared with a year ago include trade, transportation and utilities, which picked up 500 jobs; retail, which added 400; and hotels and restaurants, and restaurants and bars, which also added 400 workers each. Federal and local government payrolls both dipped by 100 employees last month from the same month a year ago, while state government picked up 400 workers during the same period. Rooney said the county's unemployment rate should decrease again in the fall, as students return to school and outdoor jobs continue during fine autumn weather. In June, 171,223 people were working in the county, up 2,132 from June 2006. "Employment growth has been slow but steady for most of this year, and that's good," Rooney said. "It means jobs are being created to keep people employed, but the economy is not overheating Overheating An economy that is growing very quickly, with the risk of high inflation. , which could lead to inflation and higher interest rates." The same slow, steady growth should continue for several more months, he said. |
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