Here are some of the top stories for Monday September 25, 2017. 9/25/17
Damian Giletto/The News Journal
Unemployment numbers in Delaware reached a two-year high, according to the latest preliminary data from the state’s labor department.
If the information holds true, it will mark the 12th consecutive month the state’s unemployment rate has either climbed or remained the same.
The rate, 4.9 percent, is the highest since coming in at 4.9 percent in May 2015. It hasn’t jumped to five percent since February 2015. Meanwhile, the number hasn’t fallen since mid-2016.
“These numbers aren’t where we need them to be, which is why we continue to be focused on our number one priority: helping businesses create good-paying jobs across our state,” Gov. John Carney said. “I spent much of the summer talking to Delawareans and business leaders about ways to grow our economy, and we will keep working day in and day out on this issue.”
The current national unemployment rate is 4.4 percent, down from 4.9 at this time last year. Regionally, Maryland just hit a nine-year low (3.9) and Pennsylvania’s numbers have been trending down.
So, what’s holding Delaware back?
State labor economist George Sharpley linked the issue to a slowdown in hiring from industries that were generating job growth in Delaware, like when Amazon filled its staff for its Middletown fulfillment center.
Sharpley also pointed to the banks and finance industries that have also slowed growth, as well as the reorganization of one of the state’s biggest employers, DuPont.
“There’s really no sector that’s driving growth at the moment,” Sharpley said.
Sharpley said he viewed the lack of growth as “temporary.” While states like Pennsylvania and Maryland have seen improvements, Sharpley indicated no fundamental…