Unemployment numbers decreased in October across United States. Employers added 531,000 new jobs during last month. Delaware is no exception and the adjusted unemployment rate for October stood at 5.3% as compared to 5.4% in September.
New Jobs Added During October
Unemployment rate in Delaware ticked down 10 points and Delaware had an addition of 2,400 new jobs during October. However, the gap between Delaware’s rate and national average has widened. Delaware’s state officials reported these figures. An increase in labor force is a positive sign and it reflects that workers are now willing to get back to work again. This is important keeping in view the fact that there are million of job openings nationwide.
Delaware at 32nd Rank
Unemployment rate was 5.3% during October and it was significantly higher than the national average of 4.6%. The number has widened by 20 basis points over the months. Thus, Delaware stands 32nd among all U.S. states in terms of its unemployment rate as reported by U.S. Bureau of Statistics. Nebraska had the lowest unemployment rate of 1.9% whereas California is at the top with 7.3% unemployment rate.
The weekly unemployment claims in the First State were 397 and they were same as that of last month. Although the people receiving assistance are decreasing yet the unemployment numbers are not coming down as per the estimates. Less than 4,600 people received assistance and this is the lowest rate since the pandemic set in. 25,800 workers were unemployed and there is a decrease of 500 since September.
Higher Unemployment in Populous Cities
New Castle, Kent and Sussex counties reported an unemployment rate of 4.5%, 5.2% and 4.1% respectively. However, Wilmington and Dover witnessed more jobs losses and their unemployment rate stood at 6.8% and 7.1% respectively. These statistics are not seasonally adjusted and impacts tourism-based growth in coastal destinations. During October, trade, transportation and utilities sectors added 1,500 jobs. Alongside, financial sector added 700 jobs, education and health added 500 jobs whereas professional sector added 200 new jobs. On the other hand, construction, government, manufacturing and leisure and hospitality sector reported job losses.
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