Payrolls Rose in 41 States in December, Led by Texas, New York

[Purveyor]

Source: Bloomberg

By Shobhana Chandra and Victoria Stilwell Jan 27, 2015 10:26 AM ET

Payrolls increased in 41 states in December and the unemployment rate fell in 42 as the U.S. labor market closed out its best year since 1999.

Texas led the nation with a 45,700 increase in payrolls, followed by New York with 30,400 additional jobs, figures from the Labor Department showed Tuesday in Washington.

Broad-based advances in hiring are helping to lift Americans’ confidence and spur consumer spending, which accounts for about 70 percent of the economy. Growth in job creation and the lowest U.S. unemployment rate since 2008 also indicate that workers may be getting closer to a pickup in wages.

“The labor market continues to get better,” Tom Simons, an economist at Jefferies LLC in New York, said before the report. “Most of the job market data suggest pretty strong gains in employment. There’s a lot of good momentum.”

Read more: http://www.bloomberg.com/news/2015-01-27/payrolls-rose-in-41-states-in-december-led-by-texas-new-york.html

[postulater]

1. I didn't see any link to the report by Bloomberg.

I wish they would have listed the data by state. I wonder how Wisconsin is doing.

[mahatmakanejeeves]

2. Never fear; that link is here:

Dec. jobless rates down in 42 states, up in 4; payroll jobs up in 41 states, down in 9

Economic News Release
Regional and State Employment and Unemployment Summary
For release 10:00 a.m. (EST) Tuesday, January 27, 2015 USDL-15-0111

Technical information:
Employment: [phone] • [e-mail] • www.bls.gov/sae
Unemployment: [phone] • [e-mail] • www.bls.gov/lau

Media contact: [phone] • [e-mail]


REGIONAL AND STATE EMPLOYMENT AND UNEMPLOYMENT -- DECEMBER 2014


Regional and state unemployment rates were generally lower in December. Forty-two states and the District of Columbia had unemployment rate decreases from November, four states had increases, and four states had no change, the U.S. Bureau of Labor Statistics reported today. Forty-six states and the District of Columbia had unemployment rate decreases from a year earlier, two states had increases, and two states had no change. The national jobless rate declined to 5.6 percent from 5.8 percent in November and was 1.1 percentage points lower than in December 2013.

In December 2014, nonfarm payroll employment increased in 41 states and decreased in 9 states and the District of Columbia. The largest over-the-month increases in employment occurred in Texas (+45,700), New York (+30,400), and Illinois (+17,100). The largest over-the-month decrease in employment occurred in Minnesota (-5,200), followed by Idaho (-2,700) and New Mexico (-1,600). The largest over-the-month percentage increases in employment occurred in Alaska and Montana (+0.7 percent each), followed by New Hampshire (+0.6 percent). The largest over-the-month percentage declines in employment occurred in Idaho and Vermont (-0.4 percent each), followed by Delaware, Minnesota, and New Mexico (-0.2 percent each). Over the year, nonfarm employment increased in all 50 states and the District of Columbia. The largest over-the-year percentage increase occurred in North Dakota (+5.4 percent), followed by Texas (+4.0 percent) and Utah (+3.9 percent).

[postulater]

3. Thanks for finding that.

Wisconsin still lags behind Minnesota. Thanks Walker.