Payrolls Increase in 37 U.S. States, Led by Michigan

Discussion in 'Economics' started by ASusilovic, Aug 20, 2010.

  1. Aug. 20 (Bloomberg) -- Payrolls increased in 37 U.S. states in July, led by a jump in Michigan that may reflect a gain in auto making.

    Employers in the Michigan added 27,800 jobs last month, the most since October, figures from the Labor Department showed today in Washington. Massachusetts, New York and Minnesota rounded out the four states with the biggest job gains. Employment in the District of Columbia climbed by 17,800, the most since records began in 1990 and second behind Michigan.

    The U.S. lost 131,000 jobs last month as the government cut temporary workers conducting the 2010 census, and private payrolls rose a less-than-forecast 71,000, according to Labor Department figures released Aug. 6. Manufacturing employment increased by 36,000, a seventh consecutive gain.

    “If there’s any strength anywhere, one would expect it to be in some of the Midwestern manufacturing centers, even in the Great Lakes region because of the newfound stability for the auto industry,” Steven Cochrane, director of regional economics at Moody’s in West Chester, Pennsylvania, said before the report.

    The majority of the gain in Michigan was due to a 20,100 increase in factory jobs, today’s report showed.
  2. In light of today´s weekly payroll numbers, no suprise here.

    Maybe Santa Claus rally has started ;=)