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What State Has The Highest Unemployment Rate

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When Compared To States Dc Has The Highest Unemployment Rate

Warren Mosler on MMT, CBDC, bitcoin, bonds, interest rates, inflation, taxes and unemployment.

May 20, 2022, 12:46 PM

    The Districts unemployment rate in April was 5.8%, down from 6.0% in March. But when compared to states, that is the highest unemployment rate in the nation.

    D.C. was followed by New Mexico for the second-highest unemployment rate in April at 5.3%.

    State unemployment rates are seasonally-adjusted.

    Ten states posted record low unemployment rates in April, led by Nebraska and Utah, at 1.9% each. Minnesota, South Dakota, Idaho Alabama, Arizona, West Virginia, Kentucky and Mississippi all had record low unemployment rates last month, based on U.S. Bureau of Labor Statistics data dating back to 1976.

    A total of 18 states had lower unemployment rates than the national average of 3.6%.

    BLS posts monthly unemployment rate and civilian workforce changes by state online.

    Composition Of The Labor Force

    Among Asians participating in the labor force, the largest group was Asian Indian, making up 24 percent of all Asians. Chinese made up 22 percent, followed by Filipinos , Vietnamese , Koreans , and Japanese . The remainder17 percentwas classified as Other Asians, a category that includes individuals in an Asian group not listed abovesuch as Hmong, Laotian, Thai, Pakistani, and Cambodianand those who were of two or more Asian groups.

    People of Hispanic or Latino ethnicity, who may be of any race, made up 18 percent of the total labor force. The majority of Hispanics in the labor force were White , Black , and Asian . By detailed ethnicity, the majority of Hispanics in the labor force were Mexican . Central Americans made up another 10 percent, over a third of whom were Salvadorans. Eight percent of Hispanics in the labor force were Puerto Rican, and 7 percent were South American. People of Cuban and Dominican ethnicity each represented 4 percent of the Hispanic labor force. An additional 5 percent were classified as Other Hispanic or Latino.

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    What To Watch For

    The Bureau of Labor Statistics’ state breakdown was somewhat marred by data collection and misclassification issues, the agency said. Connecticut, which reportedly had the lowest jobless rate at 7.9%, released a press release saying that the federal data severely underestimated unemployment numbers. The states revised projections put its own rate closer to 17.5%, for example.

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    Current Unemployment Rates For States And Historical Highs/lows

    Current Unemployment Rates for States and Historical Highs/Lows, SeasonallyAdjusted

    State

    Preliminary

    Note: Rates shown are a percentage of the labor force. Data refer to place of residence. Seriesbegin in January 1976. Historical highs and lows show the most recent month that a rate wasrecorded in the event of multiple occurrences. Estimates for at least the latest five years aresubject to revision early in the following calendar year. Estimates for the current month aresubject to revision the following month.

    December 17, 2021

    South Dakota Unemployment Rate

    Here

    Agricultural production is one of the most prominent sectors in the South Dakota economy, though most of the state’s workforce is actually employed in the service industry. At times the tourism industry in the Mount Rushmore State has been nearly equal to to the agriculture sector due to its many notable attractions, including that iconic carved mountain.

    • Unemployment Historic High/Low:
    • Historic High: 8.8
    • Historic Low: 2.3
    • Current unemployment: 2.3

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    North Carolina Unemployment Rate

    Formerly an agricultural state, North Carolina’s economy was heavily industrialized after the Civil War. Much of this remains the case today. N.C.’s famous furniture manufacturers and High Point Market trade show make it still the “Furniture Capital of the World,” and its aerospace industry is built upon the legacy of the Wright brothers. N.C. also features the third largest financial center in the U.S. and the second-fastest growing IT sector in the country.

    • Unemployment Historic High/Low:
    • Historic High: 14.2
    • Historic Low: 3.1
    • Current unemployment: 3.4

    South Carolina Unemployment Rate

    Trade, transportation, and utilities make up the largest sector in South Carolina by employment, comprised of more than 410,000 jobs. Despite this, manufacturing is the most profitable industry in the Palmetto State, in terms of GDP. While not the largest workforce, manufacturing in South Carolina still accounts for approximately 248,000 employees.

    • Unemployment Historic High/Low:
    • Historic High: 12.1
    • Historic Low: 2.4
    • Current unemployment: 3.3

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    States With The Highest Unemployment Rate In 2022

    In terms of both December 2021’s monthly unemployment rate and the annual average for 2021, … California ranked as the state with the highest unemployment rate in the country.

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    The American economy and labor force has endured a wild ride over the past two years as the Covid-19 pandemic wreaked havoc on the country. Fortunately, according to the Bureau of Labor Statistics , December 2021 jobless rates are down in the vast majority of states, while payroll jobs are up in 17 states. However, many states still face daunting unemployment numbers amidst the good news for most states.

    Why Do These Disparities Exist

    Not Sure On The CA Recall?

    While traditional explanations for employment rate disparities focus on education and training gaps, whites tend to be employed at higher rates than Blacks and other people of color at every education level . This has led many researchers to focus on labor market discrimination as a primary cause of higher unemployment among people of color. However, it is also true that education levels are generally lower for people of color, suggesting that the education systemâs failure to equitably serve people of color is also a contributing factor.

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    Unemployment Benefits By State 2022

    Unemployment is defined as those who are jobless, have actively looked for a job within the last four weeks, and are available for work. The unemployment rate measures unemployment as the number of unemployed people as a percentage of a populations labor force. Unemployment is a key economic indicator and can be a sign of economic turmoil.

    As of January 2020, the unemployment rate is 6.7%, according to the Bureau of Labor Statistics. The natural rate of unemployment is between 3.5% and 4.5%. Unemployment rates vary significantly by state.

    If someone is not actively looking for work, they are not included in the unemployment rate. This means that individuals who retire, go back to school, or leave the workforce to raise. Family or take care of relatives is not counted in the unemployment rate.

    List Of Countries By Unemployment Rate

    This is a list of countries by unemployment rate. Methods of calculation and presentation of unemployment rate vary from country to country.Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose not to work, supported by their spouses and caring for a family, some count students at college and so on. There may also be differences in the minimum requirements and some consider people employed even if only marginally associated with employment market .

    There can be differences in the age limit. For example, Eurostat uses 15 to 74 years old when calculating unemployment rate, and the Bureau of Labor Statistics uses anyone 16 years of age or older . Unemployment rates are often seasonally adjusted to avoid variations that depend on time of year.Employment rate as a percentage of total population in working age is sometimes used instead of unemployment rate.

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    The Department Of Labor Has Released The State

    In September, the unemployment rate dropped to 4.8 percent or around seven million workers. However, in addition to this number, there are an additional six million people who have are jobless but have stopped looking for their next gig. Since these individuals are no longer actively looking for a job, they are not counted in the official unemployment rate.

    See our interactive graphics on todays new #BLSdata on state #employment and #unemployment#DataViz

    BLS-Labor Statistics

    This distinction can give the impression that the job market is recovering rather quickly, but in reality, the 4.8 percent figure is artificially low. Many workers have voluntarily left their jobs believing that they would be able to provide a job that would pay them more or allow them more flexibility.

    Compared to the number of workers on payroll has increased in forty-seven states and the District of Colombia. States that have reported the largest job growth include, “California , Texas , and Florida .” As a percent, states that saw the largest increase in employment were “Hawaii , Nevada , and Texas .”

    See our interactive graphics on todays new #BLSdata on state job openings and labor turnover

    BLS-Labor Statistics

    • Kentucky — 1.4%
    • Idaho — 1.1%
    • South Dakota — 0.9%.

    As a total number of “quits,” Georgia , Illinois , and Kentucky , saw the highest numbers nationally.

    Unemployment Benefits Comparison By State

    Unemployment map shows huge jobless spikes across the country with ...

    The Unemployment Insurance benefits are given to those who have lost their jobs through no fault of their own. Though the U.S. Department Of Labor oversees the UI program and ensures compliance within each state, the state governments administer and determine the eligibility criteria, benefit amount and duration.

    In this post, we will tell you how much UI benefits each state offers and for how long. Before we get to the details, you can now check your eligibility and determine if you qualify for unemployment benefits in your state.

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    Unemployment Rates And Economic Strength

    Having a low unemployment rate does not mean a country’s economy is particularly strong. For instance, Niger had only 0.5% unemployment in 2020, but its GDP per capita was $553.9 in 2019, according to the World Bank. Burundi had 0.5% unemployment in 2020 but a GDP per capita of $261.2 in 2019, making it the poorest country on the above list. Cambodia employed 82.4% of its workforce in 2020. Its GDP per capita was $1,643.1 in 2019, about $4.50 a day.

    These countries have low unemployment figures in large part because their economies rely heavily on agriculture, which is labor-intensive but seasonal. Remember that the underemployed are still counted in employment figures. Even Laos, with a relatively healthy GDP per capita of $4,903.2 in 2019, still employed nearly 20% of its workforce in agriculture in 2017.

    What Is The Highest Unemployment Rate In California

    4/5unemployment rate in CaliforniaCalifornia’s unemployment

    Similarly, it is asked, what is California’s current unemployment rate?

    3.9%

    Furthermore, what county in California has the highest unemployment rate? They were also located in Northern California, with two exceptions: Orange and San Luis Obispo counties. The counties with the highest unemployment rates were generally located in inland areas and had lower levels of income. California has had an average unemployment rate of 7.5 percent for each year since 1976.

    Beside this, does California have the highest unemployment rate?

    â Among Southern California counties, Los Angeles had the highest unemployment rate in October, at 4.5%, followed by Riverside , San Bernardino Ventura , San Diego and Orange . Unemployment in the region is below 2.6%, and is as low as 1.7% in San Mateo County.

    Which state has the highest rate of unemployment?

    Alaska

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    This Is The State With The Highest Unemployment

    The Bureau of Labor Statistics releases data on state unemployment levels each month. The most recent, STATE EMPLOYMENT AND UNEMPLOYMENT — APRIL 2021, showed the jobless level was lower in 12 states and the District of Columbia and stable in 38 states when compared to March. However, since April 2020 was the worst jobs month during the pandemic, 48 states and the District had unemployment rate decreases from a year earlier and two states were about the same. The unemployment rate nationwide for April was 6.1%

    Biggest Employers In Australia

    Which is India`s BEST and WORST State? | INDIA`s states ranked from best to worst.

    The largest employment industries in Australia include health care, manufacturing, retail trade, and the service industry. The “big four” banks are big employers in the country. Other jobs are found in the IT industry and in tech. The country’s largest company employers include Wesfarmers, Woolworths, and BHP.

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    When Will The Unemployment Rate Come Down

    A May 2021 report from the Department of Finance projected that Californias unemployment rate would return to pre-pandemic levels in 2024.

    A new report from UCLA Anderson Forecast predicts that Californias unemployment rate will fall to an average of 5.6% in 2022, and will drop further to an average of 4.4% in 2023. Authors Jerry Nickelsburg and Leila Bengali also expect job growth to slow in industries with a lot of personal contact, and in sectors that cater to tourists.

    Its unclear if Californias pre-pandemic jobless rate of about 4% was sustainable, said Asmundson. Theres a sweet spot, she said, and while economists disagree on exactly what that sweet spot is, she puts it at 5% for California. She predicts we will get to that rate in mid 2022.

    Other economists think we shouldnt worry about the unemployment rate. Who cares? asked Chris Thornberg. People shouldnt care, he said. The more important question, he said, is whether there are job opportunities for people. The answer is yeah, more than ever before.

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    Us States With The Highest Unemployment Rates

    According to OECD , unemployment is when individuals above a specified age are not self-employed or in a paying job and are available for work in a certain period. Generally, unemployment increases during a recession and decreases during periods of economic prosperity. Unemployment and job creation are affected by numerous factors, including demographics, automation, education, global competitions, and economic conditions. These factors also determine the wage levels, unemployment duration, and the number of workers. The United States had an unemployment rate of about 3.5% on September 2019, which is the lowest it has ever had since 1969, with the unemployment rate of some states like Alaska being as high as 6.2%. The countrys unemployment rate increased to 3.6% in October before decreasing to 3.5% in November.

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    Unemployment Rate By State 2022

    One of the main indicators of the state of the United States economy is the unemployment rate. The unemployment rate is reported every month by the U.S. Bureau of Labor Statistics .

    The unemployment rate is not only a measure of the economys strength but also a measure of the overall happiness and wellbeing of U.S. citizens. Long-term unemployment is a burden for many and can cause financial, emotional, and psychological ruin. A persons ability to provide for themselves and their family, pay their bills, and contribute to society are key factors in maintaining a happy life and cultural wellbeing.

    There are three types of unemployment, all of which help explain why there is unemployment at a given time.

    As of December 2019, the national unemployment rate is 3.6%. The unemployment rate varies between states, ranging from 2.30% to 6.10%. In general, the current unemployment rates in the states are lower than they were in 2018, with only a few exceptions.

    Alaska has the highest unemployment rate of 6.10%. This, however, is lower than its 2018 unemployment rate of 7.30%. Alaska is in a statewide recession and has seen the fastest rate of job losses since 2015. The higher unemployment rates can be attributed to the seasonality of jobs, the natural frictional unemployment, and the population that lives a subsistence lifestyle.

    Here are the 10 states with the highest unemployment rate:

    Us Unemployment Rates By Year

    Illinois ended 2016 with highest black unemployment rate of any state

    The U.S. Bureau of Labor Statistics has measured unemployment since the stock market crash of 1929.

    Gross domestic product is the measure of economic output by a country. When the unemployment rate is high, there are fewer workers. That could lead to less economic output and a lower rate of GDP.

    When inflation rises, the prices of goods and services go up, making them more expensive. If there is a high rate of unemployment at the same time, this could cause issues for those without an income since they may be struggling to afford basic necessities.

    The following table shows how unemployment, GDP, and inflation have changed by year since 1929. Unless otherwise stated, the unemployment rate is for December of that year. Unemployment rates for the years 1929 through 1927 were calculated from a different BLS source due to current BLS data only going back to 1948. GDP is the annual rate and inflation is for December of that year and is the year-over-year rate.

    Year

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    How Are State Unemployment Rates Determined

    Each state’s unemployment rate is measured as part of the Local Area Unemployment Statistics program, run by the BLS. These figures are updated monthly and are freely available on the BLS’ website. LAUS also provides employment data for locations in the U.S. other than the 50 states, such as counties, metropolitan areas, and even several cities.

    A state’s unemployment rate is a good indicator of its economic strength. However, it’s important to keep in mind how the rate is determined, so as not to make an incorrect assumption. The simplest way to calculate the unemployment rate is to divide the number of unemployed individuals in a state by its total labor force.

    For example, say State A has a population of 600,000 residents and an unemployment rate of 5%, while State B has a population of 1,200,000 and an unemployment rate of 2.5%. Although State A has a higher unemployment rate, they each have the same number of unemployed workers . So, while it would be correct to say that State A has been hit harder by unemployment, it would be wrong to assume State A has more jobless persons based solely on the rate.

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