Almost Everyone In This State Has A Job

By Douglas A. McIntyre Published Dec 19, 2:30PM EST

Almost Everyone In This State Has A Job — © Matt Bills / iStock via Getty Images

The rebound from the precipitous rise in unemployment brought on by the COVID-19 pandemic is nothing short of remarkable. Before the virus had spread widely, the jobless rate in America was 3.5% in February 2020, a five-decade low. It soared to 14.7% in April, as 2.5 million people lost their jobs. The jobs report just released–THE EMPLOYMENT SITUATION — NOVEMBER 2021–showed unemployment was a low 4.2% as the economy added 210,000 jobs in the month.

Unemployment rates vary substantially from city to city and state to state. In Logan, UT only 1.1% of the labor force is unemployed. In El Centro, CA, the rate is 17.1%.

The Bureau of Labor Statistics has just released its STATE EMPLOYMENT AND UNEMPLOYMENT — NOVEMBER 2021 report. The top line summary was that “Unemployment rates were lower in November in 40 states and the District of Columbia and stable in 10 states, the U.S. Bureau of Labor Statistics reported today.

The state with the highest unemployment rate was California at 6.9%. Because it has the largest population among all states, this means 1,321,263 were out of work.

[nativounit]

Nebraska had the lowest unemployment rate at 1.8%. That is a total of only 18,127 people. The state’s largest employers are dominated by several with very stable businesses. These include healthcare companies Nebraska Medicine and Methodist Health System, and financial firms which include Fiserv, Mutual of Omaha, TD Ameritrade, and First National Bank. One of North America’s largest railroads, Union Pacific Railroad, is also a large employer.

In a reflection of how extraordinary the figure is KPVI reported: “Not only is the unemployment rate the lowest ever recorded in Nebraska, it’s also the lowest rate recorded by any state in records that go back to 1976.”

Click here to read This Is The American City With The Most People Out of Work

[wallst_email_signup]

Follow 24/7 Wall St. on Google

About the Author Douglas A. McIntyre →

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.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

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.