Economic Data Roundup (05/18/2018)

5/18/18 12:00 PM

iStock-137044062.jpgA 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 Texas (+39,600), California (+39,300), and Louisiana (+9,200) in April, and was essentially unchanged in the other 47 states. On a year-over-year basis, 28 states have experienced total nonfarm employment growth, with the largest gains seen in California (+356,800), Texas (+332,300), and Florida (+178,400).


As for joblessness, the unemployment rate fell in four states in April, and was stable everywhere else. The largest declines last month occurred in Illinois, New Mexico, and South Carolina (-0.2 percentage point each), and the rates of joblessness fell to a record low in California (4.2 percent), Hawaii (2.0 percent), and Wisconsin (2.8 percent). The lowest unemployment rate in America in April could be found in Hawaii (2.0 percent), while Alaska had the highest rate of joblessness last month (7.3 percent). For comparison, the national rate of unemployment (U-3) was 3.9 percent in April.




Sources: U.S. DoL

Post author: Charles Couch