by Bill McBride on 3/13/2017 10:28:00 AM
Monday, March 13, 2017
Update: First graph corrected.
From the BLS: Regional and State Employment and Unemployment Summary
Unemployment rates were significantly lower in January in 5 states and stable in 45 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Six states had notable jobless rate decreases from a year earlier and 44 states and the District had no significant change. The national unemployment rate was 4.8 percent in January, little changed from that of both December 2016 and January 2016.Click on graph for larger image.
New Hampshire had the lowest unemployment rate in January, 2.7 percent, closely followed by Hawaii, 2.8 percent, and Colorado and South Dakota, 2.9 percent each. The rates in both Arkansas (3.8 percent) and Oregon (4.3 percent) set new series lows. ... New Mexico had the highest jobless rate, 6.7 percent, followed by Alaska and Alabama, 6.5 percent and 6.4 percent, respectively.
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 yellow squares are the lowest unemployment rate per state since 1976.
The states are ranked by the highest current unemployment rate. New Mexico, at 6.7%, had the highest state unemployment rate.
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 11 states with an unemployment rate at or above 11% (red).
Currently no state has an unemployment rate at or above 7% (light blue); Only three states are at or above 6% (dark blue). The states are New Mexico (6.7%), Alaska (6.5%), and Alabama (6.4%).
Posted by Bill McBride on 3/13/2017 10:28:00 AM