PENNSYLVANIA JOBLESS RATE DOWN TO 6.5 PERCENT IN OCTOBER
HARRISBURG, Pa., Nov. 1 /PRNewswire/ -- Pennsylvania's seasonally adjusted jobless rate fell 0.3 percentage point in October to 6.5 percent, as employment rose, unemployment declined and the state's civilian labor force grew to a record high, according to analysts with the state Department of Labor and Industry.
During October, joblessness fell 13,000 to 388,000 while employment climbed 86,000 to reach 5.61 million, the first time that employment exceeded 5.60 million since June of last year, just prior to the beginning of the recession. Last year at this time, unemployment totaled 347,000 and 5.56 million residents were employed. The October 1990 seasonally adjusted unemployment rate was 5.9 percent.
The state's civilian labor force, the estimated number of Pennsylvania residents working or available for and seeking work, rose 73,000 since September to 5.99 million, the highest level on record. Compared to October 1990, the labor force is up by 89,000.
Meanwhile, figures released today by the Bureau of Labor Statistics of the U.S. Department of Labor reported the seasonally adjusted national rate to be 6.8 percent, up 0.1 percent from September's rate of 6.7 percent.
Early results from a different survey, based upon employer payrolls, show total nonagricultural wage and salary jobs were up 21,700 over the month to 5.18 million in October.
Job levels within the service-producing sector increased by a net 32,600 to 3.96 million in October. Job gains, mainly in government, were partly offset by declines in services (-3,900), finance, insurance and real estate (-1,200) and wholesale trade (-1,000).
In contrast, all industries throughout the goods-producing sector shared in a net decrease of 9,500 jobs since September, to 1.22 million.
PA (SEASONALLY ADJUSTED)(A) OCT. 1991 SEP. 1991 OCT. 1990
Labor Force 5,994,000 5,921,000 5,905,000
Employment 5,606,000 5,520,000 5,558,000
Unemployment 388,000 401,000 347,000
Rate 6.5 pct. 6.8 pct. 5.9 pct.
(U.S. Rate) 6.8 pct. 6.7 pct. 5.7 pct.
PA (UNADJUSTED) OCT. 1991 SEP. 1991 OCT. 1990
Labor Force 5,993,000 5,915,000 5,897,000
Employment 5,611,000 5,542,000 5,550,000
Unemployment 383,000 373,000 346,000
Rate 6.4 pct. 6.3 pct. 5.9 pct.
(U.S. Rate) 6.4 pct. 6.4 pct. 5.4 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 October Pennsylvania employment data, contact the Labor and Industry Press Office. Local and regional information for September is available from Labor and Industry's regional labor market analysts. 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: Jack McGettigan, 717-787-7530, or Mike Acquaviva, 412-565-5339, both of the Department of Labor & Industry/ CO: Department of Labor & Industry ST: Pennsylvania IN: SU: LJ -- PH002 -- 0087 11/01/91 09:15 EST