Unemployment Rates Below 6% In 25 U.S. States

Unemployment Rates Below 6 In 25 U.S. States

Unemployment rates fell in nearly all U.S. states last month, and half the states now have rates below 6 percent. The figures are a sign of widespread, if slow, improvement in the nation’s job market.

The Labor Department says unemployment rates fell in 43 states in April, rose in two states and were unchanged in five.

Hiring is picking up as well. Employers added jobs in 39 states, while 10 states posted job losses. Nebraska reported no change.

Twenty-five states now have unemployment rates of 5.9 percent or lower. The Federal Reserve considers “full employment” to be between 5.2 percent and 5.6 percent. Rates below that level could push up inflation.

Hiring wasn’t the whole reason rates fell in many states: Fewer Americans also looked for work.

Source: The AP

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s