Yesterday the Department of Labor, Bureau of Labor Statistics (BLS) released the Regional and State Employment and Unemployment Summary on national data collected during May 2014. Each month this government agency reports on each state's unemployment rate and then compiles a national, regional and state profile of unemployment. According to the report during the month of May 2014 the national unemployment rate was 6.3% and unchanged from the previous month with 20 states reporting a drop in unemployment.
Nationally the states reporting the highest unemployment were Rhode island at 8.2% with Nevada at 7.9% and Mississippi at 7.7%. North Dakota was the state with the lowest unemployment rate in the nation at 2.6% followed by Vermont at 3.3%. Overall there were 43 states that had a jobless rate that was not measurable different from the previous month.
When compared to the national unemployment rate there are 21 states below the 6.3% national unemployment rate, 8 states above the national unemployment rate and 21 states were statistically close to the national unemployment rate. Regionally, the Western states have the highest unemployment average at 6.9% while the states in the Southern region have the lowest unemployment average at 6%.
The top three states adding the jobs in May were Texas adding the most jobs during the month with 56,400 jobs, followed by Pennsylvania adding 24,700 jobs and New York adding 23,400 jobs. The states reporting the most over the month job losses during May were Florida with 17,900 jobs lost followed by Arizona posting 8,400 jobs lost in May.
To view the full BLS report go to Regional and State Employment and Unemployment – May 2014. The next BLS report on Regional and State Employment and Unemployment Summary will be released on July 18, 2014 and that report will be covering employment data collected for June 2014.
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