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Daily Roundup of Key US Economic Data for July 19
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Daily Roundup of Key US Economic Data for July 19
Jul 19, 2024 11:51 AM

02:43 PM EDT, 07/19/2024 (MT Newswires) -- State-level from the BLS showed that the unemployment rate rose in eight states in June, fell in one state and held steady elsewhere.

The largest gains were in Kansas, Massachusetts, Missouri, Ohio and South Carolina, with 0.2 percentage point gains each. Connecticut posted the only decrease, falling by 0.4 percentage points. South Dakota had the lowest jobless rate in June while the District of Columbia had the highest.

The national unemployment rate rose to 4.1% in June from 4% in May.

Payrolls rose in eight states, with North Carolina and Massachusetts posting the largest increases in absolute terms and Arkansas, New Hampshire and New Mexico seeing the biggest percentage gains.

Nationwide nonfarm payrolls rose by 206,000 in June after a revised 218,000 gain in May.

The final St. Louis Fed's GDP nowcast estimate for Q2 is for a 1.14% gain, up from 0.97% in the previous estimate.

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