Wednesday, July 14, 2010

West Virginia’s June Unemployment Rate rises to 8.6 percent

    CHARLESTON — West Virginia’s unemployment rate inched upward one-tenth of a percentage point to 8.6 percent in June, WorkForce West Virginia has reported. The number of unemployed state residents rose 700 to 68,000. Total unemployment was down 2,000 over the year.

    Total nonfarm payroll employment declined 1,400, where a loss of 2,500 in the service-providing sector offset a gain of 1,100 in the goods-producing sector.

    Within the goods-producing sector, gains of 900 in construction and 400 in manufacturing easily overpowered a decline of 200 in mining and logging. Employment gains within the service-providing sector included 2,400 in leisure and hospitality, 800 in trade, transportation, and utilities, 300 in information, 200 in financial activities, and 100 in professional and business services. Employment declines were fueled by a seasonal decline in government, which fell 6,200. Educational and health services slipped 100, while employment in other services was unchanged over the month.

    Since June 2009, total nonfarm payroll employment has fallen 7,000, with a decline of 7,100 in the service-providing sector overpowering a slight gain of 100 in the goods-producing sector. Employment gains included 1,600 in educational and health services, 900 in construction, 500 in other services, and 400 in leisure and hospitality.

    Employment declines included 5,700 in government, 2,300 in trade, transportation, and utilities, 1,100 in financial activities, 700 in mining and logging, 500 in professional and business services, and 100 in manufacturing. Information employment was unchanged over the year.

    West Virginia’s seasonally adjusted unemployment rate declined four-tenths of a percentage point to 8.5 percent, while the national rate declined two-tenths of a percentage point to 9.5 percent.

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