Which state saw the biggest drop in its unemployment rate last month? Why, it’s our own New Jersey. Unemployment here in the Garden State dropped from an already low 3.8 percent in May to 3.5 percent in June, according to new figures out from the Bureau of Labor Statistics.
That 0.3 percentage point drop edged out Colorado and Alabama, which both fell by 0.2 percentage points, to lead the nation last month. The overall nationwide unemployment figure is 3.7 percent, but state unemployment figures range from a low of 2.1 percent in Vermont to a high of 6.4 percent in Alaska.
New Jersey’s 3.5 percent unemployment rate marks the lowest in our state’s history for as long as these figures have been kept, which dates back to 1976. According to the BLS, we have added 47,600 jobs over the past 12 months.
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