by Calculated Risk on 1/24/2020 10:52:00 AM
Friday, January 24, 2020
From the BLS: Regional and State Employment and Unemployment Summary
Unemployment rates were lower in December in 11 states, higher in 4 states, and stable in 35 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Eight states had jobless rate decreases from a year earlier, 1 state had an increase, and 41 states and the District had little or no change. The national unemployment rate, 3.5 percent, was unchanged over the month but was 0.4 percentage point lower than in December 2018.Click on graph for larger image.
South Carolina, Utah, and Vermont had the lowest unemployment rates in December, 2.3 percent each. The rates in Colorado (2.5 percent), Florida (3.0 percent), Georgia (3.2 percent), Illinois (3.7 percent), Oregon (3.7 percent), South Carolina (2.3 percent), Utah (2.3 percent), and Washington (4.3 percent) set new series lows. (All state series begin in 1976.) Alaska had the highest jobless rate, 6.1 percent.
This graph shows the number of states (and D.C.) with unemployment rates at or above certain levels since January 1976.
At the worst of the great recession, there were 11 states with an unemployment rate at or above 11% (red).
Currently only one state, Alaska, has an unemployment rate at or above 6% (dark blue). Note that Alaska is at a series low (since 1976). Three states and the D.C. have unemployment rates above 5%; Alaska, Mississippi and West Virginia.
A total of twelve states are at a series low: Alabama, Alaska, California, Colorado, Florida, Georgia, Illinois, Nevada, Oregon, South Carolina, Utah and Washington.
Posted by Calculated Risk on 1/24/2020 10:52:00 AM