Friday, November 21, 2014

Kansas unemployment rate down to 4.4 percent

KANSAS CITY, KAN. ---- The State of Kansas' unemployment rate has decreased from 4.7 percent to 4.4 percent.

More information:
The state’s October seasonally adjusted unemployment rate was 4.4 percent, down from 4.7 percent in September and down from 5.2 percent in October 2013.

Kansas gained 13,900 seasonally adjusted private sector jobs, an increase of 1.2 percent since last year, and 13,800 nonfarm jobs, a 1 percent increase.
Since last month, Kansas gained 7,500 seasonally adjusted private sector jobs, a 0.7 percent increase. The state gained 8,400 seasonally adjusted total nonfarm jobs, a 0.6 percent increase since last month.

“The private sector continues to lead Kansas’ comeback from the Great Recession. This month, employers boosted job levels to a new record high,” said Justin McFarland, Director, Labor Market Information Services. “Kansans also saw their earnings increase by 3.3 percent over the month. The increased income will continue to drive growth.”

Not seasonally adjusted figures show Kansas gained 13,900 private sector jobs since last year, or 1.2 percent, as well as 13,900 nonfarm jobs, an increase of 1 percent.

Since September, private sector jobs increased by 9,700, a 0.9 percent growth. The state gained 16,000 total nonfarm jobs over the month, a 1.1 percent increase.

“Labor market conditions improved with record high employment and a 0.3 percentage point decrease in the unemployment rate from 4.7 percent in September to 4.4 percent in October,” said Efua Afful, Labor Economist. “With higher consumption capacity, we expect greater demand for goods and services with benefits for consumers and businesses.”

The not seasonally adjusted unemployment rate in October was 3.8 percent, down from 4.3 percent in September and down from 4.9 percent last year.

There were 11,175 initial claims for unemployment benefits in October 2014, up from 10,978 in  September and down from 13,489 last year.

There were 66,959 continued claims in October, down from 68,335 the previous month and down from 93,184 in October 2013. These numbers include all available programs. Kansas labor market information for October is available here.

Information on procedures for producing Local Area Unemployment Statistics (LAUS) estimates is available on the BLS website here and procedures for producing Current Employment Statistics (CES) estimates is available on the BLS website here.