Skip to comments.14 states hit record-low unemployment
Posted on 04/23/2018 10:50:47 AM PDT by Red Badger
Fourteen states have set new records for low unemployment rates in the last year, nearly a decade after the recession put millions of Americans out of work.
The states hitting new unemployment lows run the ideological gamut, from conservative Texas to liberal California, suggesting a recovery stronger than any particular political persuasion.
In March, eight states saw new record lows, including Hawaii (2.1 percent), Idaho (2.9 percent), Kentucky (4 percent ), Maine (2.7 percent), Mississippi (4.5 percent), Oregon (4.1 percent) and Wisconsin (2.9 percent).
California also set a new record last month. The Golden States unemployment rate stands at 4.1 percent, according to the Bureau of Labor Statistics (BLS). Thats the lowest rate recorded since BLS began keeping track of state-level unemployment figures in 1976, and its a third of the 12.3 percent unemployment rate California notched at the height of the recession in December 2010.
Colorados unemployment rate is just 2.6 percent, among the lowest in the nation, and a third of the 8.9 percent peak it hit in 2010.
In Alabama, just 3.7 percent of workers are unemployed. Arkansas reached a 3.6 percent unemployment rate last May, its lowest rate ever.
North Dakota set its own record last year. Texas hit a 3.9 percent unemployment rate in November, after peaking at 8.3 percent during the height of the recession. Tennessee fell to the lowest unemployment rate it has ever measured, 3.3 percent, in January.
Hawaiis unemployment rate is the lowest in the nation, BLS said. Idaho, Iowa, Maine, Nebraska, New Hampshire, North Dakota and Wisconsin all have unemployment rates lower than 3 percent.
Such a tight job market means businesses are competing for workers, rather than workers competing for scarce jobs. That has some economists combing through data in search of evidence of rising wages, which have been largely stagnant since the recession.
Wages have risen only slowly in recent months. The average hourly earnings of nonfarm employees stood at $26.82 in March, up from $26.11 at the same time last year.
Alaska has the highest unemployment rate in the nation, at 7.3 percent, as low commodity prices challenge a state that performed relatively well during the recession. But Alaskas unemployment rate has historically been higher than the national average; the lowest rate the state has ever recorded, in June 2007, was 6.3 percent, markedly higher than the 4.6 percent national unemployment rate at the time.
The District of Columbia and New Mexico both had unemployment rates of 5.6 percent last month, while West Virginias rate stood at 5.4 percent.
This is obviously the fault of President Donald Trump.
The answer is that most of them aren't working, they are suckling at the government teat in one form or another. Look at that unemployment rate in Hawaii then see just how many of them are suckling.
Democrats couldn’t even give polite applause to such facts when stated by Trump at the State of the Union.
These Democrats are so afraid that anyone would give any credit to Trump’s policies for such good news.
Does the high Alaska unemployment rate include natives who choose to live by subsistence hunting, like their ancestors did?
Women and Minorities hit hardest.
Thank you Trump. It's looking like the corrupt leftist have overplayed their hand in CA. Things seem to be changing.☺
NYS not on the list.
That, or CA is cooking the numbers.
Trust but verify.
I wonder if this rate counts all people in an age range who are capable of working, or if it excludes those who have given up looking for a job...anyone know how they do this? I couldn’t discern it at the link.
I’m guessing that this will be taken as a sign that we should revert back to the actual unemployment numbers, rather than the fake ones used to cover up how bad things were.
Give Trump a few years and he will crash the economy just like Bush did
My nephew is one of those setting the record lows in Oregon. He is a machinist, and was hired about six weeks ago by a company that fabricates machinery for factories from Oregon to Michigan.
One of their major clients is a company that makes titanium golf clubs. They make foundry equipment for them, including the stainless steel ...buckets?... the titanium alloy is melted in.
The company has so much business that they are desperate for machinists and welders, and will hire just about anyone with the right background, and train up anybody who can or will learn.
I work in Logistics, “riding Obama” is utter nonsense.
In 35 years in Logistics I never seen a truck driver market like this. There a lot more goods being moved now there there ever was under Clinton-Bush-Obama.
Someone domestically is buying all the stuff riding around on all those trucks. It isn’t being exported.
Drive by a Walmart distribution center. They don’t even have enough room to park all the trucks waiting to unload. The are cramming them in anywhere they can.
Everyone knows it’s Trump’s economy/policies which have benefited the economy. So why would the leftist screw worms in CA embellish or exaggerate the Trump economy numbers?
titanium, keeping Russian miners employed
Time for a letter to everyone on welfare that they have three months to find a job as all benefits will be ended permanently.
I was working out at the local gym a few weeks ago & talked to an older woman (early 50’s). She had lost her job & was waiting to see if she could go on disability. What?! You’re working out in a gym & there isn’t SOMETHING that you can do? Ridiculous! We have to stop letting folks pull that kind of nonsense.
That's not old.
IOW, President Trump gets no credit.
"Come on. You can say. It's OK, they know." (My Cousin Vinny)
The plant where I work is doing the same thing but on a smaller scale because we have pros managing production and inventory. Probably because we pay a bit better than Lowes and Target.
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