Hurricane job losses top half a million

Manufacturing News, Source : TheManufacturer.com
Published : 27 Oct 2005 18:05

Despite a slow recovery from the storms, the number of job losses due to Hurricanes Katrina and Rita, including many manufacturing job losses, has topped 500,000, the US Department of Labor reported.

There was an overall drop in first-time unemployment filings, however, nationwide. Those claims dropped by 28,000, to 328,000, for the week ending October 22.

For the previous week ending October 15, several states reported a decrease in manufacturing layoffs, including hurricane-ravaged states Florida and Alabama, as well as Texas, Illinois, and Wisconsin. Kentucky and North Carolina reported an increase in manufacturing-sector layoffs for that week.

The current overall unemployment rate is 5.1 percent, reported earlier this month by the US Bureau of Labor Statistics.

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