Local unemployment rate is the lowest its been in more than a decade
The primary unemployment rate of 3.7 percent in Genesee County is the lowest July rate locally since 2001.
While July is traditional the among the lowest rates of any given year, at 3.7 percent, it's the lowest rate of any month since October 2006.
The rate dropped six-tenths of a percent since last July.
The primary unemployment rate -- called the U-3 rate by labor economists (there are six such levels of rates) -- counts work-age people who either have jobs or are actively seeking employment. It doesn't include people who are permanently or temporarily out of the workforce either by choice or disability.
The number of residents of Genesee County who are counted in the rate is 30,600, up from 30,500 a year ago. The highest July number over the past 28 years was 34,800 in 2008. There are 1,100 people in the county seeking work, down from 1,300 a year ago and 29,500 people with jobs, up 300 from a year ago.
The number of jobs in Genesee County grew year-over-year from 23,700 to 23,800. The number of non-farm, private-sector jobs grew from 18,600 to 18,800.
The Genesee County Job Development Bureau reports it currently knows of 879 job openings locally, down 15.6 percent from last month when there were 1,042 job openings listed.
The state unemployment rate is 4.2 percent, down from 4.9 percent a year ago. The national rate is 4.1 percent compared to 4.6 percent a year ago.
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