In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Tuesday, March 13, 2012

State Unemployment Rates "generally lower" in January

by Calculated Risk on 3/13/2012 12:19:00 PM

From the BLS: Regional and State Employment and Unemployment Summary

Regional and state unemployment rates were generally lower in January. Forty-five states and the District of Columbia recorded unemployment rate decreases, New York posted a rate increase, and four states had no change, the U.S. Bureau of Labor Statistics reported today. Forty-eight states and the District of Columbia registered unemployment rate decreases from a year earlier, while New York experienced an increase and Illinois had no change.
Nevada continued to record the highest unemployment rate among the states, 12.7 percent in January. California and Rhode Island posted the next highest rates, 10.9 percent each. North Dakota again registered the lowest jobless rate, 3.2 percent, followed by Nebraska, 4.0 percent. ...
State Unemployment Click on graph for larger image in graph gallery.

This graph shows the current unemployment rate for each state (red), and the max during the recession (blue). Every state has some blue - indicating no state is currently at the maximum during the recession.

The states are ranked by the highest current unemployment rate. Only four states still have double digit unemployment rates: Nevada, California, Rhode Island and North Carolina. This is the fewest since January 2009. In early 2010, 18 states and D.C. had double digit unemployment rates.

All current employment graphs