Half of US states experience record-low unemployment rates

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Unemployment rates overview: 

• Who: U.S. states reached record-low or near record-low unemployment rates in June. 
• Why: Eleven states saw unemployment rates drop while 39 states remained at stable rates, according to the Bureau of Labor Statistics.
• Where: The monthly numbers release came from the U.S. Department of Labor.
• What are​​ my options: Seeking employment? Try Monster for resume-writing help. 

Half of the states in the United States have reached a record-low or near record-low unemployment rate, according to data from the U.S. Department of Labor’s Bureau of Labor Statistics.

Eleven states saw their seasonally-adjusted unemployment rate drop for June while 39 states and the District of Columbia saw their rate remain stable. Twenty-two states have seen a drop in unemployment rate from June 2022 to June 2023 while 20 remained stable and eight states and the District of Columbia saw increases over the past year.

The national unemployment rate, at 3.6%, remains the same as May and the same as June 2022.

“In June, 11 states had over-the-month unemployment rate decreases, the largest of which was in Maryland (-0.4 percentage point),” the release said. “Thirty-nine states and the District of Columbia 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.”

Non-farm payroll employment remained unchanged in June in 43 states while rising in five states and lowering in two states. That same statistic rose in 41 states since June 2022 and remained nearly the same in nine states.

The largest monthly employment increases in June came in New York (+28,100), Alabama (+8,400) and New Mexico (+7,300) while the largest percentage increases occurred in Alaska (+0.9 percent), New Mexico and Wyoming (+0.8 percent each). The decreases were in Indiana (-13,900, or -0.4 percent) and Vermont (-4,300, or -1.4 percent).

The largest employment increases since June 2022 were in Texas (+542,500), California (+397,400) and Florida (+319,500) with largest percentage increases in Nevada and Texas (+4.0 percent each) and New Mexico (+3.8 percent).

Six states have 2.0% or lower unemployment rate in June

There were six states that recorded a 2.0% or lower unemployment rate in June, led by New Hampshire and South Dakota at 1.8%. Nebraska and Vermont had 1.9% unemployment rates while Maryland and North Dakota were at 2.0%.

The unemployment gap between Black and white Americans during the month of March was the lowest ever recorded.

Have you been unemployed in the past few years? Let us know in the comments.

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