by Bill McBride on three/24/2017 10:11:00 AM
From the BLS: Regional and State Employment and Unemployment Summary
Unemployment prices have been significantly lower in February in 10 states, elevated in 1 state, and regular in 39 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported at current. 9 states had notable jobless price decreases from a 12 months earlier, and 41 states and the District had no essential change. The nationwide unemployment price, at 4.7 %, was little modified from January nonetheless zero.2 proportion stage lower than in February 2016.
New Hampshire had the underside unemployment price in February, 2.7 %, fastidiously adopted by Hawaii and South Dakota, 2.eight % each, and Colorado and North Dakota, 2.9 % each. The costs in every Arkansas (three.7 %) and Oregon (4.zero %) set new assortment lows. … New Mexico had the perfect jobless price, 6.eight %, adopted by Alaska and Alabama, 6.4 % and 6.2 %, respectively.
Click on on on graph for larger image.
This graph reveals the current unemployment price for each state (pink), and the max all through the recession (blue). All states are successfully beneath the utmost unemployment price for the recession.
The size of the blue bar signifies the amount of enchancment. The yellow squares are the underside unemployment price per state since 1976.
The states are ranked by the perfect current unemployment price. New Mexico, at 6.eight%, had the perfect state unemployment price.
The second graph reveals the number of states (and D.C.) with unemployment prices at or above certain ranges since January 2006. On the worst of the employment recession, there have been 11 states with an unemployment price at or above 11% (pink).
At current no state has an unemployment price at or above 7% (delicate blue); Solely three states are at or above 6% (darkish blue). The states are New Mexico (6.eight%), Alaska (6.4%), and Alabama (6.2%).