03/28/2024

US jobless rates fell in 24 states, record lows in 5

The Labor Department’s report on state unemployment showed rates fell in 19 other states, a positive sign for U.S. economic growth. Over the past 12 months, 27 states have added payroll jobs – with largest absolute gains in Texas, where the number of jobs climbed 330,600. California was second in job additions with 288,300. Job totals have essentially been unchanged in 23 other states.
  
Hawaii reported the lowest seasonally adjusted unemployment rate at 2 percent. The unemployment rate was below 2.7 percent in Nebraska, New Hampshire and North Dakota. In total, 17 states have unemployment rates below this national average of 4.1 percent.

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Today, Gov. John Bel Edwards released a statement on the state’s latest decline in the unemployment rate – dropping to 4.7 percent in November 2017. The last time the unemployment rate was lower than 4.7 percent was May 2008.

“This is seventh consecutive decline in our unemployment rate and that means more and more Louisianans are finding jobs and helping to grow our economy,” said Gov. Edwards. “By continuing to invest in our people with more workforce training and attracting companies to our state that will provide even more permanent employment, we are building a stronger foundation of potential employees and opportunities to work. There is certainly more to do, but there is also good reason to believe that Louisiana is on the verge of the type of prosperity that we have not seen in many years, and this recent decrease in our state’s jobless rate is further proof of that.”

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