Earlier this month, the U.S. Bureau of Labor Statistics reported that the April unemployment rate is the lowest it’s been since the economic crisis of 2008. This morning’s Regional and State report indicates that in April, forty-three states saw unemployment decreases, two reported unemployment increases, and five states and the District of Columbia saw no change in unemployment. The 6.3% current national unemployment rate is 1.2% lower than April 2013.
Regional and State Specific Unemployment Stats for April 2014
Of the four major regions, the West continued to have the highest unemployment rate at 7% and the South again had the lowest rate with 5.9%. Regionally, six of the nine divisions reported statistically significant declines in unemployment rate over the month. None of the divisions reported an increase in the jobless rates.
Despite the South having the lowest unemployment rate as a region, North Dakota maintained its title as the state with the lowest jobless rate with 2.6%. Rhode Island’s 8.3% unemployment rate was the highest for states in April. Texas added the most new jobs in April with 64,100, followed by California with 56,100, and Florida with 34,000. So far in 2014, there have been 348,000 new jobs in Texas, 340,200 new jobs in California, and 246,800 in Florida.
California leads the nation in number of people employed in Professional and Business Services with 2,408,900. Texas comes in second with 1,513,700 and New York in third with 1,217,900 employed. California has made significant strides in employment over the past 18 months by taking note of Texan strategies.
Key Points for April
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