Unemployment Rate

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Unemployment Rate

The unemployment rate in California remains quite high, as it does for much of the nation. At 12.4%, California again clocked the third-highest unemployment rate in the nation last month, the Bureau of Labor Statistics reported last week, in case you missed it. The state trailed only Nevada (14.2%) and Michigan (12.8%). The nation’s unemployment rate in October was 9.6%.

California also added the third most jobs in the nation, 38,900. Texas added 47,900 and New York gained 40,600. New Jersey, on the other hand, lost 37,100 jobs. Midwestern states had the lowest joblessness in October. North Dakota had the lowest unemployment rate in the nation, at 3.8%, followed by South Dakota (4.5%) and Nebraska (4.7%). They were three of the 27 states with jobless rates significantly lower than the U.S. average. California was one of five states with rates measurably higher than the U.S. rate.

Many states seem to be in better economic situations than they were a year ago. States such as Alabama, Michigan and Tennessee all saw their employment rates fall by more than a percentage point from a year ago, and other states, including Pennsylvania and Minnesota, have gained jobs compared with the year-ago period. California’s unemployment rate is 0.2 percentage points higher than it was a year ago. Across the country in New Jersey, the situation is improving. The unemployment rate in Central Jersey, like the rest of the state, is going down, based on figures from the federal Department of Labor.

New Jersey’s unemployment rate is lower than the national rate, but still is higher than neighboring states. Statistics from the federal government show that New Jersey’s unemployment rate remained steady at 9.2 percent in November, but down from 9.9 percent in November 2009. The national jobless rate edged up by 0.2 percent between October and November to 9.8 percent.

New York’s unemployment rate was 8.3 percent and Pennsylvania’s rate was 8.6 percent. New Jersey was fourth in the country in having the largest monthly increase in employment, according to the federal Department of Labor.

 

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