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South and Nation Experiencing Record Low Unemployment Levels

Posted on May 26, 2023May 26, 2023 by yellowdogrising

NC News Line: “Across much of the country, the jobs market is as strong as it’s ever been, and Black women, young people and people with disabilities are among the workers benefiting, recent U.S. Bureau of Labor Statistics data show.

Twenty states reported an unemployment rate under 3% in April, while 15 states saw record lows, led by South Dakota at 1.9%, followed by Nebraska at 2%, and New Hampshire and North Dakota at 2.1%. The national rate was 3.4%. Other states that saw their unemployment rates reach levels not seen since the BLS began recording them in 1976, include Alabama, Arkansas, Kentucky, Maryland, Maine, Montana, Ohio, Pennsylvania and Wisconsin, according to BLS data released on Friday.

Mark Vitner, chief economist at Piedmont Crescent Capital in Charlotte, North Carolina, said major metropolitan areas and emerging metropolitan areas in the south have benefited from recent shifts in the labor market. In Florida, the labor market in Miami, Fort Lauderdale, West Palm Beach, Orlando, Tampa and Jacksonville has been growing rapidly, he said. “

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