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Unemployment rate increasing

October 28, 2012
Staff Report , Parkersburg News and Sentinel

PARKERSBURG - The seasonally adjusted unemployment rate inched upward a tenth of a point in September in West Virginia, WorkForce West Virginia said.

Unemployment was 7.6 percent in September compared to 7.5 in August and 8.1 in September 2011, WorkForce reported.

The number of unemployed residents rose 1,100 to 60,800. Total unemployment was down 4,700 over the year. The national unemployment rate declined three-tenths of a percentage point to 7.8 percent.

Total nonfarm payroll employment declined 3,200, with losses of 1,100 in the goodsproducing sector and 2,100 in the service-providing sector.

Within the goods-producing sector, employment declines included 500 in mining and logging, 500 in construction, and 100 in manufacturing. Within the service-providing sector, employment declines included 700 in leisure and hospitality, 600 in trade, transportation and utilities, 600 in financial activities, and 100 in professional and business services. Other services added 100 jobs, while employment was unchanged in both educational and health services and in government.

Since September 2011, total nonfarm payroll employment has fallen 10,000, with losses of 5,900 in the goods-producing sector and 4,100 in the service-providing sector. Employment declines included 5,600 in mining and logging, 3,100 in trade, transportation, and utilities, 2,700 in government, 2,500 in manufacturing, 1,300 in other services, and 100 in financial activities.

Employment gains included 3,000 in educational and health services, 2,200 in construction, 200 in leisure and hospitality, and 100 in professional and business services.

 
 

 

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