Polk County low­ers rate in Novem­ber

The Standard Journal - - LOCAL - Staff re­ports

The state’s La­bor Com­mis­sioner Mark But­ler said last Thurs­day that the un­em­ploy­ment rate in Polk County fell dur­ing Novem­ber.

At the same time, Polk took monthly losses in num­ber of em­ployed res­i­dents and la­bor force. Most crit­i­cal in­di­ca­tors were pos­i­tive for the year, ac­cord­ing to their re­lease on Jan. 3.

The good un­em­ploy­ment news on the local level also co­in­cided with De­cem­ber num­bers on the fed­eral level that show ad­di­tional job growth and the rate down to 3.9 per­cent na­tion­wide.

The an­nounce­ment came as the first week of the year closed. Es­ti­mates are that 312,000 jobs were added as 2018 came to a close.

“As we move through this hol­i­day sea­son, it’s ex­cit­ing to see our com­mu­ni­ties do­ing so well,” But­ler said in the re­lease. “While monthly num­bers fluc­tu­ate, we con­tinue to see long-term trends go­ing in the right di­rec­tion.”

The un­em­ploy­ment rate for Novem­ber sat at 3.5 per­cent in Polk County. It was down 0.4 per­cent from Oc­to­ber 2018 af­ter num­bers were ad­justed. A year ago, the rate was 4.6 per­cent.

The la­bor force in Polk County slipped by 112 in Novem­ber to reach 18,468, but not by much ac­cord­ing to the re­lease. That num­ber is down only by two over the past year.

Polk County lost 40 em­ployed res­i­dents in Novem­ber, bring­ing the to­tal to 17,823. The num­ber is up 199 for the year, or about 15 per month.

Claims for un­em­ploy­ment in­sur­ance went up by 72 per­cent in Novem­ber. They were up by 84 per­cent when com­pared to the same month a year ago.

Ac­cord­ing to the As­so­ci­ated Press, the jolt in hir­ing of­fers a dose of re­as­sur­ance af­ter a tu­mul­tuous few months as the out­look from the fi­nan­cial mar­kets has turned de­cid­edly bleaker. Job growth at this pace is a sign that the econ­omy will con­tinue to ex­pand for a 10th straight year, even if over­all growth slows some­what be­cause of the wan­ing stim­u­lus from Pres­i­dent Don­ald Trump’s tax cuts.

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