by Bill McBride on 3/28/2014 10:55:00 AM
Friday, March 28, 2014
From the BLS: Regional and State Employment and Unemployment Summary
Regional and state unemployment rates were generally little changed in February. Twenty-nine states had unemployment rate decreases from January, 10 states had increases, and 11 states and the District of Columbia had no change, the U.S. Bureau of Labor Statistics reported today.Click on graph for larger image.
Rhode Island continued to have the highest unemployment rate among the states in February, 9.0 percent. North Dakota again had the lowest jobless rate, 2.6 percent.
This graph shows the current unemployment rate for each state (red), and the max during the recession (blue). All states are well below the maximum unemployment rate for the recession.
The size of the blue bar indicates the amount of improvement - Michigan, South Carolina, 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 only one state: Rhode Island. Illinois is at 8.7%, Nevada at 8.5%, and California at 8.0%.
The 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 10 states with an unemployment rate above 11% (red).
Currently one state has an unemployment rate at or above 9% (purple), four states at or above 8% (light blue), and 13 states at or above 7% (blue).
Posted by Bill McBride on 3/28/2014 10:55:00 AM