Job Market tightens
Job Market tightens – Even with the national unemployment data showing positive improvements, the job market is tightening. In a review of the just released October unemployment data by state Janco has found two interesting items.
The first is that the number of states with unemployment levels of 6% and greater has increased to 8 states in October versus 6 states in September. No states fell from the list and Alaska and Oregon were added.
The second is the number of states at full employment levels in October fell to 11 versus 17 in September. Indiana, Kansas, Idaho, Maine, Wisconsin, Wyoming, Montana, and South Dakota falling from the full employment state list and no states added. Plus this data has not been adjusted for the lowest labor Market participation rate in almost 40 years.