Unemployment Rate Holds Steady at 3.7 Percent

The nation’s unemployment rate for June, 3.7 percent, was little changed from May the U.S. Bureau of Labor Statistics reported today.

Vermont had the lowest unemployment rate in June, 2.1 percent. The rates in Alabama (3.5 percent), Arkansas (3.5 percent), New Jersey (3.5 percent), and Texas (3.4 percent) set new series lows. (All state series begin in 1976.) Alaska had the highest jobless rate, 6.4 percent.

In total, 13 states had unemployment rates lower than the U.S. figure of 3.7 percent, 9 states and the District of Columbia had higher rates, and 28 states had rates that were not appreciably different from that of the nation.

Nonfarm payroll employment increased in four states in June 2019: California (+46,200, or +0.3 percent), Texas (+45,000, or +0.4 percent), Georgia (+20,200, or +0.4 percent), and Tennessee (+9,600, or +0.3 percent).

The largest job gains over the past year occurred in Texas (+315,600), California (+296,100), and Florida (+218,800). The largest percentage gains over the past year occurred in Nevada (+3.3 percent), followed by Arizona (+2.8 percent) and Utah and Washington (+2.7 percent each).