Printer Friendly

PENNSYLVANIA'S JOBLESS RATE INCREASES TO 7.1 PERCENT

 HARRISBURG, Pa., June 4 /PRNewswire/ -- Pennsylvania's seasonally adjusted unemployment rate rose in May by five-tenths percentage point to 7.1 percent, following three months of decline, the state Department of Labor and Industry analysts announced today.
 May marked the first month since January in which the rate of unemployment exceeded 7.0 percent. However, May's rate is six-tenths percentage point lower than the 7.7 percent unemployment rate registered in May 1992.
 The number of persons unemployed also grew in May following three months of decline. At 425,000, unemployment was up 31,000 from April, but down 34,000 from a year ago.
 Employment climbed to its highest level of the year, up 35,000 from April. May's employment count of 5.59 million matched the second largest employment level of the economic recovery. Only November 1992's total of 5.6 million was higher. Compared to May 1992, employment increased by 65,000.
 Pennsylvania's civilian labor force, the estimated number of Pennsylvanians working or available for and seeking work, grew considerably in May, up 65,000 from April. Following five months of steady decline, May's labor force total of 6.01 million was only 44,000 below the November 1992 record high of 6,057,000. Pennsylvania's civilian labor force was up 31,000 from a year ago.
 Early results from another survey, based on employer payrolls rather than households, show that total nonagricultural wage and salary jobs, adjusted for seasonality, rose by 9,900 in May. At 5,101,500, May's total represented an increase of 15,600 jobs from a year ago.
 In the service-producing sector, jobs climbed 12,400 from April to 3,953,100. Services was the largest contributor, up 12,900 jobs, with government and finance adding 1,100 jobs and insurance and real estate and gaining 600 jobs. Compared to a year ago, total service-producing jobs increased by 42,500.
 In contrast, total goods-producing jobs fell 2,500 from April. A decrease of 5,000 jobs in manufacturing set a new record low. This decrease was partly offset by an increase of 2,500 jobs in construction. Both durable goods (-2,600) and nondurable goods (-2,400) industries shared in the manufacturing loss. Total goods-producing jobs were down 26,900 from May 1992.
 PA (SEASONALLY ADJUSTED)(A) MAY 1993 APRIL 1993 MAY 1992
 Labor Force 6,013,000 5,948,000 5,982,000
 Employment 5,588,000 5,553,000 5,523,000
 Unemployment 425,000 394,000 459,000
 Rate 7.1 pct. 6.6 pct. 7.7 pct.
 (U.S. Rate) 6.9 pct. 7.0 pct. 7.4 pct.
 PA (UNADJUSTED) MAY 1993 APRIL 1993 MAY 1992
 Labor Force 5,996,000 5,902,000 5,966,000
 Employment 5,560,000 5,496,000 5,497,000
 Unemployment 437,000 406,000 469,000
 Rate 7.3 pct. 6.9 pct. 7.9 pct.
 (U.S. Rate) 6.7 pct. 6.8 pct. 7.2 pct.
 (A) Seasonally adjusted figures attempt to "filter out" the labor market fluctuations which are caused by normal seasonal patterns. With these recurring patterns removed, the data provide a more accurate account of general economic trends.
 For additional information on the May Pennsylvania employment data, contact the Labor and Industry Press Office. Local and regional information for April is available from Labor and Industry's regional labor market analysts.
 /delval/
 -0- 6/4/93
 /Editors: Regional analysts' names and phone numbers may be obtained from the nearest state Job Center or from the L&I Press Office, 717-787-7530.
 /CONTACT: Scott Burkett or Jack McGettigan, 717-787-7530, both of the Pennsylvania Department of Labor & Industry/


CO: Pennsylvania Department of Labor & Industry ST: Pennsylvania IN: SU:

LJ -- PH005 -- 5336 06/04/93 09:24 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 4, 1993
Words:628
Previous Article:STANDARD & POOR'S STOCK PRICE INDEX -- OPEN, FRIDAY, JUNE 4 /PRN/
Next Article:ENVIRONMENTAL TECTONICS CORPORATION ANNOUNCES DEDICATION OF SEGREGATED STAINLESS STEEL FABRICATION AREA
Topics:


Related Articles
PHILADELPHIA AREA JOBLESS RATE FALLS IN MARCH
PITTSBURGH AREA JOBLESS RATE FALLS IN MARCH
MAY JOBLESS RATES DROP IN ALL MAJOR MICHIGAN AREAS
PENNSYLVANIA'S JOBLESS RATE IS 7.5 PERCENT IN JANUARY
MICHIGAN'S JOBLESS RATE EDGES UP IN NOVEMBER; EMPLOYMENT GROWTH STRONG
MICHIGAN JOBLESS RATE DROPS TO LOW POINT FOR YEAR; EMPLOYMENT SETS RECORD IN 1994
Pennsylvania Unemployment Rate Declines While Labor Force Sets Record in July
Regional labor market recessions and recoveries.
Fourth District employment conditions, September.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters