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wdmso · 08-22-2022, 03:41 PM

Half of US States Hit Record-Low Unemployment Rates in 2022:

I thought the sky was falling?

STATE EMPLOYMENT AND UNEMPLOYMENT -- JULY 2022

Unemployment rates were lower in July in 14 states and the District of Columbia, higher in
3 states, and stable in 33 states, the U.S. Bureau of Labor Statistics reported today. All
50 states and the District had jobless rate decreases from a year earlier. The national
unemployment rate edged down to 3.5 percent over the month and was 1.9 percentage points
lower than in July 2021.

Nonfarm payroll employment increased in 20 states, decreased in 2 states, and was
essentially unchanged in 28 states and the District of Columbia in July 2022. Over the
year, nonfarm payroll employment increased in 43 states and the District and was
essentially unchanged in 7 states.

This news release presents statistics from two monthly programs. The civilian labor force
and unemployment data are modeled based largely on a survey of households. These data
pertain to individuals by where they reside. The employment data are from an establishment
survey that measures nonfarm employment, hours, and earnings by industry. These data
pertain to jobs on payrolls defined by where the establishments are located. For more
information about the concepts and statistical methodologies used by these two programs,
see the Technical Note.

Unemployment

Minnesota had the lowest jobless rate in July, 1.8 percent. The next lowest rates were in
Nebraska, New Hampshire, and Utah, 2.0 percent each. The rates in the following seven
states set new series lows (all state series begin in 1976): Alaska (4.5 percent),
California (3.9 percent), Georgia (2.8 percent), Louisiana (3.6 percent), Mississippi
(3.6 percent), Missouri (2.5 percent), and Washington (3.7 percent). The District of
Columbia had the highest unemployment rate, 5.2 percent, followed by Alaska and New Mexico,
4.5 percent each. In total, 17 states had unemployment rates lower than the U.S. figure of
3.5 percent, 10 states and the District had higher rates, and 23 states had rates that
were not appreciably different from that of the nation. (See tables A and 1.)

In July, 14 states and the District of Columbia had over-the-month unemployment rate
decreases, the largest of which was in New Mexico (-0.4 percentage point). Three states
had unemployment rate increases: Indiana (+0.2 percentage point) and Montana and Nebraska
(+0.1 point each). Thirty-three states had jobless rates that were not notably different
from those of a month earlier, though some had changes that were at least as large
numerically as the significant changes. (See table B.)

The largest unemployment rate decreases from July 2021 occurred in California (-3.5
percentage points) and Rhode Island (-3.3 points). The smallest over-the-year jobless
rate decline occurred in Nebraska (-0.5 percentage point). (See table C.)

08-22-2022, 03:41 PM	#22
wdmso Registered User Join Date: Jun 2012 Location: Somerset MA Posts: 9,114	Half of US States Hit Record-Low Unemployment Rates in 2022: I thought the sky was falling? STATE EMPLOYMENT AND UNEMPLOYMENT -- JULY 2022 Unemployment rates were lower in July in 14 states and the District of Columbia, higher in 3 states, and stable in 33 states, the U.S. Bureau of Labor Statistics reported today. All 50 states and the District had jobless rate decreases from a year earlier. The national unemployment rate edged down to 3.5 percent over the month and was 1.9 percentage points lower than in July 2021. Nonfarm payroll employment increased in 20 states, decreased in 2 states, and was essentially unchanged in 28 states and the District of Columbia in July 2022. Over the year, nonfarm payroll employment increased in 43 states and the District and was essentially unchanged in 7 states. This news release presents statistics from two monthly programs. The civilian labor force and unemployment data are modeled based largely on a survey of households. These data pertain to individuals by where they reside. The employment data are from an establishment survey that measures nonfarm employment, hours, and earnings by industry. These data pertain to jobs on payrolls defined by where the establishments are located. For more information about the concepts and statistical methodologies used by these two programs, see the Technical Note. Unemployment Minnesota had the lowest jobless rate in July, 1.8 percent. The next lowest rates were in Nebraska, New Hampshire, and Utah, 2.0 percent each. The rates in the following seven states set new series lows (all state series begin in 1976): Alaska (4.5 percent), California (3.9 percent), Georgia (2.8 percent), Louisiana (3.6 percent), Mississippi (3.6 percent), Missouri (2.5 percent), and Washington (3.7 percent). The District of Columbia had the highest unemployment rate, 5.2 percent, followed by Alaska and New Mexico, 4.5 percent each. In total, 17 states had unemployment rates lower than the U.S. figure of 3.5 percent, 10 states and the District had higher rates, and 23 states had rates that were not appreciably different from that of the nation. (See tables A and 1.) In July, 14 states and the District of Columbia had over-the-month unemployment rate decreases, the largest of which was in New Mexico (-0.4 percentage point). Three states had unemployment rate increases: Indiana (+0.2 percentage point) and Montana and Nebraska (+0.1 point each). Thirty-three states had jobless rates that were not notably different from those of a month earlier, though some had changes that were at least as large numerically as the significant changes. (See table B.) The largest unemployment rate decreases from July 2021 occurred in California (-3.5 percentage points) and Rhode Island (-3.3 points). The smallest over-the-year jobless rate decline occurred in Nebraska (-0.5 percentage point). (See table C.)