A few weeks after every big monthly job report comes out, more detailed information is released showing a breakdown of the employment gains and losses in each state. The latest of these extended reports showed that nonfarm payrolls increased in six states in August, with the largest absolute gains found in Georgia (+19,800), Maryland (+14,200), and Massachusetts (+10,800).
The only statistically significant declines in total employment last month occurred in Oregon (-9,500), Arkansas (-7,200), and Maine (-3,700). As for joblessness, the unemployment rate rose in eight states in August, with the largest increase found in Indiana (+0.4 percentage point). Idaho had the only notable decrease (-0.1 percentage point) in joblessness last month. The lowest unemployment rate in the America in August could again be found in North Dakota (2.3 percent), while Alaska had the highest rate of joblessness last month (7.2 percent). For comparison, the national rate of unemployment (U-3) was 4.4 percent in August.
Sources: Econoday, U.S. DoL, Calculated Risk, FRBSLPost author: Charles Couch