by Bill McBride on 3/17/2015 10:55:00 AM
Tuesday, March 17, 2015
From the BLS: Regional and State Employment and Unemployment Summary
Regional and state unemployment rates were little changed in January. Twenty-four states had unemployment rate decreases from December, 8 states had increases, and 18 states and the District of Columbia had no change, the U.S. Bureau of Labor Statistics reported today.Click on graph for larger image.
North Dakota had the lowest jobless rate in January, 2.8 percent. Mississippi and Nevada had the highest unemployment rates among the states, 7.1 percent each.
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.
The states are ranked by the highest current unemployment rate. Mississippi and Nevada, at 7.1%, had the highest state unemployment rate although D.C was higher.
The second graph shows the number of states (and D.C.) with unemployment rates at or above certain levels since January 2006. At the worst of the employment recession, there were 10 states with an unemployment rate at or above 11% (red).
Currently no state has an unemployment rate at or above 8% (light blue); Three states and D.C. are still at or above 7% (dark blue).
Posted by Bill McBride on 3/17/2015 10:55:00 AM