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

Sunday, April 17, 2022

BLS: 12 States Set New Record Series Low Unemployment rates in March

by Calculated Risk on 4/17/2022 01:08:00 PM

On Friday, from the BLS: Regional and State Employment and Unemployment Summary

Unemployment rates were lower in March in 37 states and stable in 13 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. All 50 states and the District had jobless rate decreases from a year earlier.
...
Nebraska and Utah had the lowest jobless rates in March, 2.0 percent each. The next lowest rates were in Indiana, 2.2 percent, and Montana, 2.3 percent. The rates in these four states set new series lows, as did the rates in the following eight states (all state series begin in 1976): Alaska (5.0 percent), Arizona (3.3 percent), Georgia (3.1 percent), Idaho (2.7 percent), Mississippi (4.2 percent), Tennessee (3.2 percent), West Virginia (3.7 percent), and Wisconsin (2.8 percent). The District of Columbia had the highest unemployment rate, 6.0 percent, followed by New Mexico, 5.3 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 2006.

Twelve states set new series record low unemployment rates in March, and currently 17 states are at series record low unemployment rates.