BLS reports record low unemployment rates across the country

The Bureau of Labor Statistics (BLS) reports unemployment is falling to record low rates. Jobless rates are down in nine states over the past month, with record lows in seven states. In 2009, following the Great Recession, unemployment in the U.S. hit highs of 10 percent.

The states with the highest unemployment are Alaska and New Mexico, with 6.7 and 6.6 percent, respectively, while Colorado has the lowest rate in the nation. Twenty-two states saw their unemployment rates fall significantly this past year, including energy producing states like Wyoming and North Dakota, which have been hit hard by low energy prices.

In addition, BLS measured California’s unemployment rate at 4.7 percent, the lowest rate since 1976 when the Bureau began measuring the state’s economy. Colorado also set a record low rate of 2.3 percent, as did Arkansas with 3.4 percent.

Job growth was seen in both traditionally Republican states like Mississippi, with 4.9 percent, and North Dakota, with 2.5 percent, and traditionally Democratic states like Oregon, with 3.6 percent, and Washington, with 4.5 percent.

In May, nine states saw their unemployment rates fall significantly. Three states — Alaska, Maine and Massachusetts — have bucked the overall trend, as all have rising unemployment rates.

The national average rate of unemployment currently stands at 4.3 percent, down from eight percent at the beginning of 2013.

 

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