Magazine article Economic Trends

Fourth District Employment Conditions

Magazine article Economic Trends

Fourth District Employment Conditions

Article excerpt

10.01.09

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The District's unemployment rate increased 0.1 percentage point to 10.2 percent for the month of August. The decrease in the unemployment rate is attributed to increases in the number of people unemployed (0.6 percent), decreases in the number of people employed (-0.1 percent), and decreases in the labor force (-0.5 percent). The District's rate was higher than the national rate in August (0.5 percentage point), as it has been since early 2004. Since the recession began, the nation's monthly unemployment rate has averaged 0.7 percentage point lower than the Fourth District's unemployment rate. Since this time last year, the Fourth District and the national unemployment rates have each increased 3.5 percentage points.

There are significant differences in unemployment rates across counties in the Fourth District. Of the 169 counties that make up the District, 33 had an unemployment rate below the national rate in August and 136 counties had a higher rate. There were 121 District counties reporting double-digit unemployment rates. Large portions of the Fourth District have high levels of unemployment. …

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