Highest Unemployment States are in unrelated job markets
Highest Unemployment States are Alaska, District of Columbia, and New Mexico. Two of the job markets that have unemployment rates higher today than a year ago are Alaska (6.6% – 2016 and 7.2% – 2017) and the District of Columbia (5.8% – 2016 and 6.6% – 2017).
The interesting fact about these three states is that they have seen little of the positive effects of the improvement in the national job market with its low unemployment numbers.
The current unemployment rate for the U.S. is just about the full employment rate (4.1% versus 4.0%). At that level companies typically begin to increase salaries to help acquire and maintain the necessary staffing levels to meet operational objectives.