financetom
Economy
financetom
/
Economy
/
January Unemployment Rate Gains Largest in Connecticut, Rhode Island, Washington
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
January Unemployment Rate Gains Largest in Connecticut, Rhode Island, Washington
Mar 11, 2024 7:48 AM

10:17 AM EDT, 03/11/2024 (MT Newswires) -- State-level data released by the Bureau of Labor Statistics Monday showed the unemployment rate rose in four states in January, fell in two states and held steady elsewhere.

The largest unemployment rate gains were in Connecticut, Rhode Island, and Washington, where it rose by 0.2 percentage point in each state. North Dakota had the lowest rate at 1.9% while Nevada had the highest at 5.3%.

The national unemployment rate was reported at 3.7% in January, the same as in December, before rising to 3.9% in February.

Nonfarm payrolls increased in eight states and were essentially unchanged elsewhere. Nationwide nonfarm payrolls rose by 229,000 in January after a 290,000 gain in December. Payrolls rose by 275,000 in February.

The largest payrolls gain in absolute terms was in New York, which added 59,300 jobs, followed by California with 58,100. New York and Vermont had the largest percentage increases at 0.6% each.

The state-level report for February is scheduled to be released on March 22.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved