BLS: October Unemployment rates down in 37 States, Higher in 8 States

From the BLS: Regional and State Employment and Unemployment Summary
Unemployment rates were lower in October in 37 states and the District of Columbia, higher in 8 states, and stable in 5 states, the U.S. Bureau of Labor Statistics reported today. Forty-seven states and the District had jobless rate increases from a year earlier and three states had little or no change. The national unemployment rate declined by 1.0 percentage point over the month to 6.9 percent but was 3.3 points higher than in October 2019.

Nonfarm payroll employment increased in 32 states, decreased in 2 states, and was essentially unchanged in 16 states and the District of Columbia in October 2020. Over the year, nonfarm payroll employment decreased in 48 states and the District and was essentially unchanged in 2 states.

Hawaii had the highest unemployment rate in October, 14.3 percent, followed by Nevada, 12.0 percent. Nebraska and Vermont had the lowest rates, 3.0 percent and 3.2 percent, respectively. Hawaii and Nevada are being impacted by the lack of tourism.

Keep reading this article on Bill McBride - Calculedriskblog.

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