Delaware’s jobless rate drops to three-decade low

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Delaware’s seasonally adjusted unemployment rate in April 2019 fell to 3.2 percent, compared to 3.3 percent in March.

The jobless rate in the state is at its lowest figure in three decades, the Delaware Department of Labor noted.

There were 15,800 unemployed Delawareans in April compared to 18,700 in April 2018.

The nation’s unemployment rate was 3.6 percent in April, down from 3.8 percent in March. In April of last year, the national unemployment rate was 3.9 percent, while Delaware’s rate was also 3.9 percent.

In April 2019, seasonally adjusted nonfarm employment was 465,100, up from 464,800 in March 2019.

Since April 2018, Delaware’s total nonfarm jobs have increased by 4,100, a gain of 0.9 percent. Nationally, jobs during that period range at double that rate 1.8 percent.

Delaware’s jobless rate drop came without a decline in the number of people dropping out of the labor force.

The 100,000 who dropped out of the labor force nationallywas overshadowed by the national economy showing a robust 263,000 job gain last month.

“The number of residents employed and the state’s labor force both rose, albeit modestly,” the report noted.

The Labor Department last month cautioned that jobless figures are subject to revision. Estimates are used to calculate the rate and revisions occur when more solid payroll figures are submitted.

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