This State Has America’s Lowest Unemployment
The job situation in America has improved dramatically since just after the COVID-19 pandemic began. However, the unemployment rate just before that, early in 2020, was near a 50 year low at 3.5%. The economy has to do a lot…
The job situation in America has improved dramatically since just after the COVID-19 pandemic began. However, the unemployment rate just before that, early in 2020, was near a 50 year low at 3.5%. The economy has to do a lot of catching up to do to reach pre-pandemic levels. Additionally, the unemployment improvement nationwide over the last two months has been disappointing. In May, the economy added 559,000 jobs, and unemployment dropped to 5.8%. That percentage figure varies substantially from state to state, according to data from the U.S. Bureau of Labor Statistics.
The BLS “STATE EMPLOYMENT AND UNEMPLOYMENT — MAY 2021” showed: “Unemployment rates were lower in May in 21 states and the District of Columbia, higher in 1 state, and stable in 28 states.” The state with the lowest unemployment is New Hampshire at 2.5%, which is well below the lowest national rate in history. As a matter of fact, the rate is also extremely low for New Hampshire. According to WCAX3, Gov. Chris Sununu commented:
“Such low unemployment rates are no accident, but are the result of a continued effort to provide businesses with the flexibility needed to grow while providing individuals with the incentives and resources needed to return to work.”
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The state pays people up to $1,000 if they find full-time work.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
