Delaware’s seasonally adjusted unemployment rate in February 2024 dipped to 4%, down from 4.1% in January 2024, the Delaware Department of Labor reported.
Revised figures from the Labor Department also reported that the annual jobless rate fell to 4%.
The report also included annual revisions in employment statistics as payroll data replaced estimates.
Delaware’s unemployment rate is now closer to matching the national rate after being well above that figure.
The number of jobless Delawareans in February was 20,300, compared to 19,900 in February 2023. The nation’s unemployment rate was 3.9% in February 2024, up from 3.7% in January. In February 2023, the US unemployment rate was 3.6%,
In February, the seasonally adjusted nonfarm employment was 487,800, up from 487,100 in January 2024. Since February 2023, Delaware’s nonfarm jobs total has increased by 5,000, up 1.1%. Nationally, jobs during that period increased by 1.8%.
The Department of Labor also announced its annual revisions to job figures.
The seasonally adjusted annual average number of jobs fell by 600 from the original estimate to 483,700.
The annual average number of unemployed Delawareans was revised downward by 1,400 to 20,100.
The annual average jobless rate in Delaware fell to 4% from 4.3%.
The revisions are made as payroll figures replace estimates.
