Friday, November 17, 2023

UNEMPLOYMENT BY STATES: Maryland and the Dakotas have the best employment rate, whereas California and Nevada have high unemployment rates

Unemployment by States from BLS:




According to the latest numbers published by the US Bureau of Labor Statistics, the leisure and hospitality industry currently has the highest unemployment rate. As of August 2023, this figure stands at 5.8%, which means that around one out of every 17 people aged 16 and above working in this sector is out of work. This equates to a workforce of 817,000 people and represents a 0.3 percentage point fall from the previous year’s unemployment rate.

Second on the list charting the unemployment rate by industry is transportation and utilities. 4.4% of workers in this sector are unemployed, which is around 370,000 people. This is a marginal 0.1 percentage point increase from August 2022. This is followed by the information and construction industries, which have unemployment rates of 4.1% and 3.9%, respectively. Wholesale and retail trade complete the five industries with the highest unemployment rates—3.8% of people in this line of business are jobless, an annual rise of 0.1 percentage points.  from Statista:


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