Nonfarm payroll employment increased in 52 metropolitan areas and was essentially unchanged in 337 areas from October 2022 to October 2023. Charleston-North Charleston, South Carolina had the largest percentage gain in employment, at 6.1 percent, followed by Midland, Texas (5.1 percent).read full article »
Unemployment rates were higher in October 2023 than a year earlier in 223 of the 389 metropolitan areas, lower in 137 areas, and unchanged in 29 areas.
December 6 is National Miners Day. The mining sector represented approximately 574,200 jobs, or 0.4 percent of all total nonfarm employment in 2022, and contributed 1.9 percent to GDP.
Total employment is projected to grow 2.8 percent over the 2022-32 decade. Most occupational groups with faster than average projected growth earned more than the overall median annual wage of $46,310 in 2022. Management occupations, the highest paying group in 2022 ($107,360), is projected to grow 5.4 percent over the 2022-32 decade. Computer and mathematical occupations – the second-fastest growing group at 15.2 percent – earned a median annual wage of $100,440 in 2022.
The quits rate (the number of quits during the entire month as a percentage of total employment) for the nation was 2.3 percent in September 2023. Thirty-six states had quits rates of 2.3 percent or higher. Among those with the highest rates were Montana (3.5 percent) and Alaska and Wyoming (3.4 percent each).