ME unemployment dips to 3.5% in October

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The U.S. Bureau of Labor Statistics also released preliminary estimates on Thursday showing the state gained 4,800 jobs in October. The October rate also remained well below the USA rate, which dipped slightly to 4.1 percent for the month. Breaking down the numbers, the private sector added 4,300 jobs while government jobs declined by 2,900. The September estimate was revised to a gain of 10,300 jobs. The state has picked up an estimated 69,000 jobs in the past 12 months.

Ohio's unemployment rate is a full percentage point higher than the US unemployment rate, which was 4.1% in October, down from 4.2% in September and 4.8% in October 2016. And it's three-tenths of a percent better than that rate of 4.1 percent, which was the lowest in nearly 17 years. But not all communities and regions are feeling the benefits of this economy equally. There were 19,600 more unemployed residents over the year compared to October 2016.

Last month's rate is well below the state's October 2016 rate of 6.1 percent.




However, the number of unemployed in OH has increased by 11,000 in the past 12 months, from 285,000 in October 2016, when the state's unemployment rate was 5%.

The number of employed climbed more than 18 hundred in October, setting a record, according to the Department of Workforce.

Emilie Doerksen, a labor market economist for the department, said the retail trade sector did not add as many seasonal jobs in October as expected, mirroring a national trend as more and more consumers do their holiday shopping online.

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