by Bill McBride on 5/18/2012 10:33:00 AM
Friday, May 18, 2012
From the BLS: Regional and State Employment and Unemployment Summary
Regional and state unemployment rates were little changed in April. Thirty-seven states and the District of Columbia recorded unemployment rate decreases, five states posted rate increases, and eight states had no change, the U.S. Bureau of Labor Statistics reported today. Forty-eight states and the District of Columbia registered unemployment rate decreases from a year earlier, while only one state experienced an increase and one had no change.Click on graph for larger image in graph gallery.
Nevada continued to record the highest unemployment rate among the states, 11.7 percent in April [down from 12.0 in March]. Rhode Island and California posted the next highest rates, 11.2 and 10.9 percent, respectively. North Dakota again registered the lowest jobless rate, 3.0 percent, followed by Nebraska, 3.9 percent, and South Dakota, 4.3 percent.
This graph shows the current unemployment rate for each state (red), and the max during the recession (blue). Every state has some blue - indicating no state is currently at the maximum during the recession.
The states are ranked by the highest current unemployment rate. Only three states still have double digit unemployment rates: Nevada, Rhode Island, and California. This is the fewest since January 2009. In early 2010, 18 states and D.C. had double digit unemployment rates.
The states with the largest decrease in the unemployment rate are Michigan, Alabama, Tennessee, South Carolina, Ohio and Oregon. The states with the smallest improvement are New Jersey and New York.
Posted by Bill McBride on 5/18/2012 10:33:00 AM