Tuesday, March 16, 2010

West Virginia's unemployment rate rose to 11 percent in February

    CHARLESTON — West Virginia’s unemployment rate climbed six-tenths of a percentage point to 11.0 percent in February, WorkForce West Virginia has reported. The number of unemployed state residents rose 5,000 to 86,400. Total unemployment was up 25,400 over the year. 

    Total nonfarm payroll employment rose 400, where a gain of 2,200 in the service-providing sector narrowly offset a decline of 1,800 in the goods-producing sector. Within the goods-producing sector, construction employment plunged 2,000. Gains of 100 occurred in both manufacturing and mining and logging. Employment increases within the service-providing sector were led by a seasonal gain of 2,600 in government. 

    Other gains included 500 in professional and business services, 300 in other services, and 200 in leisure and hospitality. Employment declines included 700 in trade, transportation, and utilities, 500 in educational and health services, 100 in financial activities, and 100 in information. 

    Since February 2009, total nonfarm payroll employment has fallen 22,600, with losses of 13,500 in the goods-producing sector and 9,100 in the service-providing sector. Declines included 5,900 in construction, 4,300 in mining and logging, 3,500 in trade, transportation, and utilities, 3,300 in manufacturing, 2,800 in leisure and hospitality, 2,200 in professional and business services, 1,400 in financial activities, 700 in information, and 400 in other services. Employment gains included 1,700 in educational and health services and 200 in government. 

    West Virginia’s seasonally adjusted unemployment rate climbed three tenths of a percentage point to 9.5 percent, while the national rate remained at 9.7 percent 

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