Unemployment rate falls in October in county
The unemployment rate fell in Warren County to a seasonally-adjusted 5.2 percent in October.
That’s a .1 percent decrease from September and a 1.2 percent decrease from October 2016.
The Pennsylvania Department of Labor and Industry Center for Workforce Information and Analysis released the July data on Wednesday. Warren County’s rate is nearly the lowest in the region.
Rates for Bradford and Erie were both 5.3 percent, 6.5 percent in Forest County, 4.9 percent in Meadville and 5.4 percent in Oil City.
Warren County came in above the state unemployment rate of 4.7 percent and also above the federal unemployment rate which came in at 4.1 percent in October.
Jobs were lost in education and health services as compared to September and gained in total nonfarm, service-providing, trade, transportation and utilities, government and local government.
According to the federal Bureau of Labor Statistics of the U.S. Department of Labor, seasonal adjustment “is a statistical technique that attempts to measure and remove the influences of predictable seasonal patterns to reveal how employment and unemployment change from month to month.”
“These seasonal adjustments make it easier to observe the cyclical, underlying trend, and other nonseasonal movements in the series,” making it possible to compare month-to-month.