Revised numbers show improvement for Delaware unemployment
The newly revised unemployment rate shows fewer Delawareans were looking for work in 2015 than previously reported. (graph via DE Labor Dept.)
Delaware’s 2015 unemployment rate was better than previously reported according to revised numbers released by the state Dept. of Labor.
Last month, the Labor Department reported Delaware employers added 7,300 jobs to the state’s economy in 2015. Now, they’ve revised that number, and it’s considerably higher.
The latest unemployment report shows Delaware gained 11,000 jobs last year. The revision comes after a review of actual employer payrolls that replaces the statistical analysis of household data.
The new numbers show Delaware’s unemployment rate dropped to 4.9 percent in February 2015 and stayed there through the month of December. Previous reports showed an uptick in unemployment to 5.1 percent by the end of the year.
As for January 2016, the unemployment rate dropped to 4.7 percent, with the number of employed Delawareans increasing by 2,400. The January labor force participation rate was 63.1 percent, up from an average of 62.4 percent for 2015.
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