Tuesday, March 15, 2016

New Jersey Leads the Way

The Labor Department released state by state unemployment figures for the past year on Monday, and the news was good for the Garden State. New Jersey saw a drop of 1.9 percentage points in its jobless rate from 2014 to 2015, from 6.4 percent to 4.5 percent. That is the single largest drop for any of the 50 states, by far.

The second largest drop was 1.2 percentage points, achieved in both Arkansas and Rhode Island. Six other states saw a drop of at least one percentage point.

At the bottom of the list is Wyoming, which saw its unemployment rate rise from 3.8 percent to 4.7 percent in the past year. Also seeing a rise in unemployment were such energy-producing states as North Dakota, Texas and Alaska.

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