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Jobless rate drops down to 6.2 percent

By From staff reports

West Virginia's unemployment rate dropped four-tenths of a percent to 6.2 percent in May, according to new data released from Workforce West Virginia.

The May rate was the lowest level the state has experienced since the 5.8 percent reported in January 2009.

According to Workforce West Virginia, the number of unemployed West Virginians fell by 3,300 last month. About 1,500 workers found jobs, while 1,800 left the labor force.

The May data continued a trend that began in January.

The state's unemployment rate has consistently dropped each month, from 7.4 percent in January to the 6.2 percent logged last month.

The number of state residents with jobs has increased each month - rising from 749,300 in January to 754,200 in May.

Meanwhile, the size of the state's labor force and the number of unemployed residents has declined each month.

The labor force began the year at 809,600 people and fell to 804,400 last month. The number of unemployed state residents has declined by 10,000 - from 60,200 to 50,200 - over the same time period.

Total non-farm payroll employment increased by 600 jobs in May. The private sector logged job growth of 1,000, while government jobs declined by 400.

The state's service sector declined by a total of 200 jobs, while the goods-producing sector saw an increase of 800 jobs.

Manufacturing employment increased by 500 jobs in May, while mining jobs increased by 300.

 


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