A few weeks after every big monthly job report comes out, more detailed information is released showing a breakdown of the payroll gains and losses in each state. The latest of these extended reports revealed that nonfarm employment increased in eight states in December and was essentially unchanged everywhere else. The largest gains occurred in Texas (+38,000), Florida (+22,800), and Georgia (+16,700).
On a year-over-year basis, forty states experienced a net gain in total employment in 2018, and the biggest increases in percentage terms were found in Nevada (+3.9 percent), Arizona (+3.4 percent), and Texas (+3.2 percent). As for joblessness, the unemployment rate declined in fourteen states last year, and only eight states ended 2018 with a rate of joblessness above the national level (3.9 percent). For comparison, during the worst part of the “Great Recession” eleven states had an unemployment rate that exceeded 11 percent, while the highest rate of joblessness last month was just 6.3 percent (Alaska).
Sources: U.S. DoL, Calculated Risk
Post author: Charles Couch