December’s employment figures released by the Bureau of Labor Statistics (BLS) showed a weakening local employment picture. Overall employment dropped by 6,377 while the number of unemployed rose 4,619. The unemployment rate rose only slightly (from 4.8% to 5.1%) because the labor force also shrank.
It is difficult to draw conclusions from one month’s data. But after the call of recession was sounded with the release of the weak national employment figures last month, it is noteworthy that the local figures were equally disappointing.
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