(Bloomberg) — Payrolls dropped in 31 U.S. states in March, led by a slump in energy producers such as Texas and Oklahoma. The unemployment rate fell in 23.
Payrolls in Texas decreased by 25,400, its first decline since September 2010 and the biggest since August 2009, figures from the Labor Department showed Tuesday in Washington. Oklahoma followed with 12,900 fewer jobs and employment in Pennsylvania fell by 12,700.
The plunge in fuel prices that began in the middle of 2014 has caused oil drillers and miners to cut workforces, prompting reductions among industries in the region. Rough winter weather at the start of the month could have led to job losses in other parts of the country.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.