- Weekly: **Unemployment Initial Claims Data have been revised**
- US: Housing Starts by State and Region (Feb)
- CPB World Trade Monitor (Jan)
- CPB World Trade Monitor (Jan)
- France: Registered Unemployed & Job Vacancies (Feb)
- US: Household Employment for States and Regions (Feb)
- US: Wholesale Trade Revisions, Advance Durable Goods (Feb)
- Manufacturing Survey - Markit US (Flash - Mar), Composite Survey - US (Flash - Mar), Services Survey - US (Flash - Mar)
- more updates...
Economy in Brief
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims...
EMU PMIs Are Off to the Races...Farewell Mediocrity?
The PMI rankings for the manufacturing and service sector PMIs in the EMU are suddenly off the chart...
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR)...
Kansas City Federal Reserve Factory Index Strengthens; Expectations Surge
The Kansas City Fed reported that its index of regional manufacturing sector business activity increased to 20 during March...
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 258,000 (-3.0% y/y) during the week ended March 18...
U.K. Retail Looks Less Bulletproof
For the most part, the assessments embodied in the March survey from the UK's CBI are being taken as being upbeat...
by Tom Moeller October 21, 2016
The decline in the overall U.S. unemployment rate has stabilized this year around 4.9% versus 5.3% during 2015. It was half its late-2009 peak, and varied greatly amongst individual states.
In today's state labor market report for September, unemployment in Alaska continued to top the chart at 6.9% versus 6.5% during all of last year. Louisiana also registered high unemployment at 6.4%, up slightly from the prior two years. Three other large states at the high end of the scale were Pennsylvania at 5.7%, up from 5.0% last year, California at 5.5%, down from 12.1% in 2010, and Illinois also at 5.5%, down from 10.3% in 2010.
At the bottom of the state unemployment tally were small states including South Dakota and New Hampshire, both at 2.9%. Another small state, Nebraska, was near the bottom of the range at 3.2%. There were larger states, however, which registered the lowest unemployment. Virginia was one with 4.0% unemployment with its close proximity to Washington, D.C. Minnesota at 4.0% was low along with Colorado at 3.6%.
Unemployment amongst other states similarly varied greatly. Unemployment in New Jersey registered a sharp rise in unemployment to 5.3% from its low of 4.3% in February, but that's still down from 5.6% in 2015. New York's unemployment rate similarly rose to 5.0% from 4.7%. The rise was led by New York City where the unemployment rate increased to 5.8% from 5.0% in three months. Texans also experienced higher unemployment as the rate rose to 4.8% from its low of 4.3% in March. Massachusetts saw a decline in joblessness to 3.6%, down from 8.8% in January 2010.
Washington state experienced relatively high unemployment with 5.6%, unless you lived around Seattle where the unemployment rate was 3.9%. A similar situation was seen in Illinois where the state's unemployment rate of 5.5% was above the 5.3% rate in Chicago. The opposite was the case in Ohio where state unemployment of 4.8% was below the 5.2% around Cleveland. Michigan's unemployment rate of 4.6% was below the 5.1% around Detroit, but that was down from 15.0% during all of 2009.
State unemployment figures are available in Haver's EMPLR database.
Consequences of Rising Income Inequality from the Federal Reserve Bank of San Francisco can be found here.
Total U.S. Unemployment Rate (%)
Ten States With Highest Jobless Rate
|Ten States With Lowest Jobless Rate|
|Jobless Rate In Other Selected Large States|