330, 600 Jobs were created in Texas even as joblessness rates decreased in 24 US States and 27 States added payroll jobs in the last 12 months. In a positive indication for the growth of the economy in the US, Department of Labor revealed in the report for unemployment rates of States that indicated a decline.
27 US states have enhanced the jobs in the last one year and the maximum gains were by Texas with 330, 600 Jobs. The second place for the creation of jobs was secured by California that added 288, 300 jobs, as quoted by the Indian Express.
The least rate of unemployment adjusted seasonally was reported by Hawaii with 2%. In North Dakota, New Hampshire, and Nebraska the rate of unemployment was less than 2.7%. Totally 17 US States have rates of unemployment lesser than the national average of 4.1%.
More workers have been hired by the employers in the US in November than was anticipated. The rate of unemployment reached a 5 year low of 7%. This has enhanced the prospects of the withdrawal of support of the US Federal Reserve for the purchase of bonds at the earliest.
In November 2017, the jobs in the US enhanced by 2, 03, 000 for jobs in non-agricultural sectors. This was preceded by a phenomenal increase in the month of October, as revealed by the report of the US Department of Labor.
The report of the US Department of Labor showed comprehensive gains for jobs and increase in pay per hour. It has also indicated the strengthening of the economy for the US that heads into the end of the fiscal year.
The rate of unemployment decreased by 3/10th of % points to reach the lowest level since 2008 November. This was even as some of the employees of the federal government joined their jobs again after the partial shutdown of the government for 16 days. They were counted as jobless in October.
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