Friday, December 20, 2013

BLS: State unemployment rates were "generally lower" in November

by Bill McBride on 12/20/2013 10:14:00 AM

From the BLS: Regional and state unemployment rates were little changed in October

Regional and state unemployment rates were generally lower in November. Forty-five states and the District of Columbia had unemployment rate decreases from October and five states had no change, the U.S. Bureau of Labor Statistics reported today.
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Nevada and Rhode Island had the highest unemployment rates among the states in November, 9.0 percent each. The next highest rates were in Michigan, 8.8 percent, and Illinois, 8.7 percent. North Dakota continued to have the lowest jobless rate, 2.6 percent.
State Unemployment Click on graph for larger image.

This graph shows the current unemployment rate for each state (red), and the max during the recession (blue). All states are below the maximum unemployment rate for the recession.

The size of the blue bar indicates the amount of improvement - Michigan, Nevada and Florida have seen the largest declines and many other states have seen significant declines. 

The states are ranked by the highest current unemployment rate. No state has double digit unemployment and the unemployment rate is at 9% in two states: Nevada, and Rhode Island.

State UnemploymentThe second graph shows the number of states with unemployment rates above certain levels since January 2006. At the worst of the employment recession, there were 9 states with an unemployment rate above 11% (red).

Currently two states have an unemployment rate at or above 9% (purple), nine states at or above 8% (light blue), and 22 states at or above 7% (blue).