Delaware jobless rate expected to remain steady

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Delaware’s July  unemployment rate is expected to remain steady.

According to a monthly forecast from the Federal Reserve Bank of Philadelphia, Delaware’s jobless rate will remain  above the national average of 4.3 percent.

Using an analytical method created by bank researchers, unemployment rates for July are expected  to remain unchanged at 4.1 percent in New Jersey, 4.7 percent in Delaware, and 5 percent in Pennsylvania.

The Philadelphia Fed releases the estimates between the period early in August, when the national jobless rate is announced and the release of state rates around the minute of the month.

After decades of seeing jobless rates well below the national average, Delaware has seen the opposite occur in 2017.

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The state has seen job cuts at DuPont Co. and slow growth at other employers. State government employment in Delaware has been flat or has declined slightly, due to efforts to deal with a budget shortfall

The next state nowcast release will be on September 1,  following the  federal Bureau of Labor Statistics’ release of the August national employment report.

The Philadelphia Fed’s territory includes Delaware, southern New Jersey and a large chunk of Pennsylvania  other than the western section of the Commonwealth.

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