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

Friday, July 22, 2022

BLS: Eight States Set New Record Series Low Unemployment rates in June

by Calculated Risk on 7/22/2022 03:13:00 PM

From the BLS: Regional and State Employment and Unemployment Summary

Unemployment rates were lower in June in 10 states and the District of Columbia, higher in 2 states, and stable in 38 states, the U.S. Bureau of Labor Statistics reported today. All 50 states and the District had jobless rate decreases from a year earlier.
Minnesota had the lowest jobless rate in June, 1.8 percent, closely followed by Nebraska, 1.9 percent. The next lowest rates were in New Hampshire and Utah, 2.0 percent each. The rates in Minnesota and New Hampshire set new series lows, as did the rates in the following six states (all state series begin in 1976): Alabama (2.6 percent), Georgia (2.9 percent), Kentucky (3.7 percent), Louisiana (3.8 percent), Mississippi (3.8 percent), and Missouri (2.8 percent). The District of Columbia had the highest unemployment rate, 5.5 percent, followed by New Mexico, 4.9 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.

Eight states set new series record low unemployment rates in June, and currently 14 states are at series record low unemployment rates.