Unemployment rates in Warren lowest in the region
The unemployment rate fell in Warren County to a seasonally-adjusted 3.7 percent in May. That’s a .9 percent decrease from April 2018 and a 1.6 percent decrease from May 2017.
The Pennsylvania Department of Labor and Industry Center for Workforce Information and Analysis released the April data on Tuesday.
Warren County’s rate is the lowest in the region.
Rates for Bradford and Erie were 4.1 percent and 4.4 percent, respectively, 6.0 percent in Forest County, 4.1 percent in Meadville and 4.2 percent in Oil City.
Warren County came in below the state unemployment rate of 4.5 percent and also below the federal unemployment rate which came in at 3.8 percent in May. The data shows an increase in the civilian labor force and a slight decrease in the number of unemployed persons. That’s how the drastic decrease can be explained, in addition to job gains in several areas that include total nonfarm, total private, goods-producing, service-providing, leisure and hospitality, government and local government.
According to the Federal Bureau of Labor Statistics at 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 changes 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.