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Tuesday, November 23, 2010

State Unemployment Rates in October: "Little changed" from September

by Calculated Risk on 11/23/2010 08:06:00 PM

Earlier on existing home sales:

  • October Existing Home Sales: 4.43 million SAAR, 10.5 months of supply

  • Existing Home Inventory increases 8.4% Year-over-Year

    State Unemployment Click on graph for larger image in new window.

    This graph shows the high and low unemployment rates for each state (and D.C.) since 1976. The red bar is the current unemployment rate (sorted by the current unemployment rate).

    Eight states now have double digit unemployment rates. A number of other states are close.

    From the BLS: Regional and State Employment and Unemployment Summary
    Regional and state unemployment rates were little changed in October. Nineteen states and the District of Columbia recorded unemployment rate decreases, 14 states registered rate increases, and 17 states had no rate change, the U.S. Bureau of Labor Statistics reported today.
    Nevada continued to register the highest unemployment rate among the states, 14.2 percent in October. The states with the next highest rates were Michigan, 12.8 percent, and California, 12.4 percent. North Dakota reported the lowest jobless rate, 3.8 percent, followed by South Dakota and Nebraska, at 4.5 and 4.7 percent, respectively.
    In October, two states experienced statistically significant unemployment rate changes from September: Maine and Massachusetts (-0.3 percentage point each).