Nation's jobless rate edges higher on seasonal effects

Wisconsin unemployment rate hits record low in February

Illinois Payrolls Rise, Unemployment Dips in February

Wisconsin's unemployment rate reached 2.9 percent in February, the lowest monthly level in state history, according to the Department of Workforce Development.

Nonagricultural wage and salary employment rose to 5,566,400 in February from a revised 5,553,000 in January, the state data show. Florida is also beating the national unemployment rate which was 4.1 percent for the month of February. Other sectors adding jobs were government (up 7,360), construction (up 4,867), trade, transportation and utilities (up 3,627), leisure and hospitality (up 1,193), manufacturing (up 139) and other services (up 63). Most of the state's job gains were driven by the oil and gas and construction sectors. Through the third quarter of 2017 the state has added 243,297 jobs since the last quarter of 2010. Zeller said looking at the calendar year 2017, OH didn't have any net job growth. The state's labor force participation rate stands at 63.7 percent, which remains higher than the national rate.

Unemployment was highest among people aged 20 to 24 at 11.89 percent, followed by the 15-to-19 age group at 8.1 percent and those aged 25 to 29 at 6.46 percent, the report said. The data are seasonally adjusted to take into account fluctuations from causes such as weather and holidays.

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"We have maintained a wage and salary employment count of over two million for eleven months in a row now", said Labor Secretary Fitzgerald Washington. February's over-the-year employment growth was 0.9 percent, which was stronger than the growth of the previous five months. Over the year, Government lost 1,300 (-0.3%) jobs. Over the year, Other Services are up 2,600 (+1.9%) jobs. "These numbers show that employers are confident in the economy and are continuing to hire".

Iowa's rate was tied with ME and Wisconsin for the nation's sixth lowest.

According to the report, Florida added more than 25,000 private-sector jobs in February, boasting an annual job growth rate of 2.2 percent, which is now out performing the national rate of 1.8 percent. The expansion pushed Virginia's total labor force to 4.3 million, a new record. Employment in the Information sector remained stable.

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