Lincoln County’s seasonally adjusted unemployment rate was 6.1 percent in August, up slightly from the previous month when it was at 5.9%, but the Counties unemployment rate is still lower than the year before when it was at 6.8%. It also remains higher than the statewide rate (5.4%) and the national rate (4.9%). This is the third consecutive month with an increase in the unemployment rate, and the total increase over the three months has been 0.8 of a percentage point. If these changes hold when the figures are revised in a few weeks it will indicate a significant increase in the unemployment rate for Lincoln county.
Seasonally adjusted nonfarm payroll employment inched up by 10 in August to 18,120 jobs. Seasonally adjusted figures compare expected changes with actual changes. A loss of 70 jobs was expected for the month, but the county shed only 60 jobs. The private sector employment was unchanged, and government employment fell by 60. Leisure and hospitality cut 60 jobs, and other industries had small changes. Augusts’ total nonfarm employment was 390 more than one year before, a growth rate of 2.1 percent. The private sector added 210 jobs, and government employment rose by 180. Industries adding the most jobs over the year were construction, professional and business services, and educational and health services. Local government added 100 jobs over the year. Retail trade cut 80 jobs over the year.