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First Cut: State unemployment rates little changed in June, continue at historic lows

Data on state and regional unemployment showed very little movement month-over-month, with variation in the ten states with the largest share of payrolls at a tenth, at most. Three of four regions had an unemployment rate that was close to the national rate of 3.7%.

The Northeast managed to decrease its unemployment rate to 3.6% in June after 3.7% in May. New York and Pennsylvania’s unemployment rates were unchanged at 4.0% and 3.8%, respectively.

The unemployment rate in the Midwest hasn’t budged from 3.7% since November 2018. Illinois’ rate dipped to 4.3% in June from 4.4% in May, Michigan was unchanged at 4.2%, and Ohio edged down to 4.0% from 4.1%.

In the South, the regional unemployment rate was 3.6% in June. Florida was unchanged at 3.4% and North Carolina remained at 4.1%. The unemployment rate was down a tenth to 3.7% in Georgia and 3.4% in Texas.

Unemployment in the West continued to run above the US rate at 4.1%, with California at 4.2%.

The BLS said that unemployment rates were down in 6 states and unchanged in 44 states and the District of Columbia. The lowest unemployment rate was in Vermont at 2.1%. There were new series lows in Alabama (3.5%), Arkansas (3.5%), New Jersey (3.5%), and (Texas 3.4%). Alaska had the highest unemployment rate at 6.4%).

Of the ten states with the largest labor force, almost all registered an increase. Only Pennsylvania had a small dip in the number of jobs added.

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