Thursday, July 27, 2017

The State Rates

The new state-level employment reports are out from the Bureau of Labor Statistics, and New Jersey is ahead of the pack. Our state unemployment rate for June was 4.1 percent, just under the national rate of 4.4 percent. It's also down from 5.1 percent a year earlier.

Unemployment rates were at all-time lows in six states: Arkansas, California, Colorado, North Dakota, Tennessee and Washington. At 2.3 percent, Colorado has the lowest unemployment rate in the nation. Records for state unemployment rates go back to 1976.

At the other end of the scale, Alaska had the highest jobless rate, 6.8 percent, followed by New Mexico at 6.4 percent. But no state had a statistically significant increase in its unemployment rate over the past year.

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