Friday, June 19, 2020

BLS: May Unemployment rates down in 38 states; 4 States at New Record Highs

by Calculated Risk on 6/19/2020 10:09:00 AM

From the BLS: Regional and State Employment and Unemployment Summary

Unemployment rates were lower in May in 38 states and the District of Columbia, higher in 3 states, and stable in 9 states, the U.S. Bureau of Labor Statistics reported today. All 50 states and the District had jobless rate increases from a year earlier. The national unemployment rate declined by 1.4 percentage points over the month to 13.3 percent but was 9.7 points higher than in May 2019.
Nevada had the highest unemployment rate in May, 25.3 percent, followed by Hawaii, 22.6 percent, and Michigan, 21.2 percent. The rates in Delaware (15.8 percent), Florida (14.5 percent), Massachusetts (16.3 percent), and Minnesota (9.9 percent) set new series highs. (All state series begin in 1976.) Nebraska had the lowest unemployment rate, 5.2 percent.
emphasis added
State UnemploymentClick on graph for larger image.

This graph shows the number of states (and D.C.) with unemployment rates at or above certain levels since January 1976.

Currently 33 states are above 10% unemployment rate (down from 46 states last month).

Ten states are above 15% (down from 20 states last month).

Three states are above 20% (Hawaii, Michigan, and Nevada).

One state (Nevada) is above 25% unemployment.