Employment Essentially Unchanged in July
Lincoln County’s seasonally adjusted unemployment rate was 5.9 percent in July, essentially unchanged from the previous month (5.6%), but lower than the year before (6.9%). It was higher than the statewide rate (5.2%) and the national rate (4.9%).
Seasonally adjusted nonfarm payroll employment dipped by 10 in July to 18,100 jobs. Seasonally adjusted figures compare expected changes with actual changes. A gain of 260 jobs was expected for the month, but the county added 250 jobs. The private sector supplied 430 jobs, and government employment fell by 180 as the summer school break took effect. Leisure and hospitality grew by 280, food manufacturing added 70.
Professional and business services added 50 jobs as did construction. Other industries had smaller changes.
July’s total nonfarm employment was 350 more than one year before, a growth rate of 1.9 percent. The private sector added 160 jobs, and government employment rose by 190. Industries adding the most jobs over the year were construction (+120), professional and business services (+80), and educational and health services (+50). Local government added 120 jobs over the year. Retail trade cut 90 jobs and manufacturing lost 60 jobs over the year.