Washington,
D.C. –
Job growth in the fourth quarter of 2010 appears more robust than it was in the
middle of 2010, according to the November edition of the monthly state-by-state
report released by the U.S. Congress Joint Economic
Committee (JEC) today. While private sector job creation
slowed in May and June, averaging only 56,000 jobs, private sector job gains
have averaged more than 131,000 jobs per month from July to October, with over
100,000 jobs created in each month.
The JEC’s
November report also shows that forty-three states and the District of Columbia
experienced private sector growth in October. In addition to this, the
over-the-month unemployment rate fell in nineteen states and the District of
Columbia.
“Most
states are doing better than they were last Thanksgiving. As this report
highlights, the pace of private sector job creation has picked up again,” said Rep. Carolyn
Maloney (D-NY), Chair of the JEC. “Congress’ recent actions refueled
the recovery and sparked consumer confidence. I am optimistic that in the
months to come, we will see the measures Democrats passed to help families,
small businesses, and states kick into gear and spur economic growth and new
jobs.”
Other highlights include:
- In an improvement over August and September, 30 states added manufacturing jobs in October 2010, compared to only 21 states in August, and 23 states in September.
- Thirty-two states and the District of Columbia added jobs in the professional and business services sector in October 2010.
- Twenty-eight states added jobs in the leisure and hospitality sector in October 2010, after only 16 states and the District of Columbia expanded jobs in this sector in September.
The report,
entitled “Understanding
the Economy: State-by-State Snapshots,” features key economic
statistics for each state. The report is the eleventh edition released by
the JEC and uses recently released state-level data to explain how the economic
recovery is unfolding in each state.
To read the executive summary of the report, click
here.
To see individual state snapshots, click here.
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The
Joint Economic Committee, established under the Employment Act of 1946, was
created by Congress to review economic conditions and to analyze the
effectiveness of economic policy.
www.jec.senate.gov
