The Atlanta Fed's SouthPoint offers commentary and observations on various aspects of the region's economy.
The blog's authors include staff from the Atlanta Fed's Regional Economic Information Network and Public Affairs Department.
Postings are weekly.
District employment increases modestly in May
The Sixth District as a whole added 9,000 jobs in May, following 9,600 new payrolls in April, and 18,900 in March, according to the U.S. Bureau of Labor Statistics (BLS). Alabama, Florida, and Georgia recorded payrolls increases while Louisiana, Mississippi, and Tennessee reported payroll decreases. Georgia was primarily responsible for the net positive District increase.
The District unemployment rate was unchanged at 8.3 percent in May. The unemployment rate decreased in Florida and Mississippi and increased in Alabama, Louisiana, and Tennessee. The rate was unchanged in Georgia.
While the pace of job growth remained tepid in May and deeper declines in unemployment have been elusive, the region continues to slowly move in the right direction. Our business contacts continued to be conservative in their approach to hiring and appear likely to remain so—at least in the short term.
By Neil Desai, a senior analyst in the research department of the Atlanta Fed
TrackBack URL for this entry:
Listed below are links to blogs that reference District employment increases modestly in May:
- Southeastern Transportation: Tapping the Brakes?
- Southeast Manufacturing Slows in August
- It's Mostly Sunny in Florida
- Auto Manufacturing an Economic Boon for Tennessee
- Southeast Manufacturing Rebounded in June
- Southeast Manufacturing Dips in May
- Assessing the Impact of Oil Price Declines on Louisiana's Economy
- Seeking the Slack
- Middle Tennessee Consumer Confidence on the Rise
- Trials and Tribulations in Transportation
- November 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- Banks and banking
- Beige Book
- Business Cycles
- Commodity Prices
- Consumer Savings
- Data Releases
- Disaster recovery
- Economic conditions
- Economic Growth and Development
- Economic Indicators
- Fiscal Policy
- Gulf Coast
- Health Care
- Holiday Sales
- Labor Markets
- Local Economic Analysis and Research Network (LEARN)
- Monetary Policy
- Natural Disasters
- New Orleans
- Oil Spill
- Real Estate
- Sales Tax