Blog 6: Payrolls decline in 27 states in September, led by Missouri
- This article discusses how Missouri led the nation with a 16,500 decrease in employment in the month of September being closely followed by Pennsylvania. According to the St. Louis Post-Dispatch, the loss of jobs shows that there is not much growth occurring in overseas markets and rock markets are causing employers to lay off staff. The last time Missouri had this high of an employment decrease was during March which was attributed to the rough winter and a lack of investment in energy-related capital. Texas and New York were two states whose employment levels actually increased. Overall, throughout the country 142,000 new employees were added to payrolls in September and the unemployment rate is still at an average of 5.1 percent.
- The data was collected from the United States Labor department in Washington D.C. which are released on the first Friday of every month. The Post-Dispatch sats that these figures from the various states can have higher sampling errors because they come from small surveys.
- Why was Missouri affected so negatively in March due to last winters “harshness” and more northern states with worse winters did not have payroll declines because of it?