Unemployment rate grim for 13 states
Unemployment rate is grim for 13 states. Both Nevada and California have had the highest unemployment rates for over 24 months. The numbers have improved in almost all of the states in the past 12 months save West Virginia.
When one looks at the detail, yes we seem to be better off now than a year ago but with the participation rate being the lowest it has been since 1977 the job market picture is not as rosey as the BLS is telling us.
Granted that both Nevada and California look better it is not clear that the picture is improving. Looking deeper into the number both states have a participation rate that is lower than the average and average compensation is significantly lower as high prices jobs have left both states,
On the bright side there now are 10 states that have an employment rate that meet the criteria for being full employment states.