Wall Street Hedge

Thursday, January 21, 2021
Log in
  • Home
  • Nation & Politics
  • Financial News
  • Technology & Research
  • Lifestyle & Health
    • Latest News
      • Business
      • Nature
      • Science
      • World
      • VA Hospitals Are Still Under Investigation for Suspected Drug Thefts

US unemployment rate drops in most states in December

By Leave a Comment

US-ECONOMY-UNEMPLOYMENT-CLAIMS-FILES

The US unemployment rate declined in 42 states in December, signaling towards a strong hiring and increased job opportunities across the nation.

The US Labor Department report, released on Tuesday, showed that the jobless rates increased in only four states in December last year and were unchanged in four others.

42 states and the District of Columbia witnessed a decline in their seasonally adjusted rates of unemployment last month as compared to the figures of November, according to the Labor Department. The report showed that the 46 states saw a decline from a year earlier.

The jobless rates increased in four states from November, while holding the rates steady in another four.

Delaware had the biggest fall from December, 0.6 percentage point to 5.4 percent. It was followed by Michigan which fell 0.4 percentage point to 6.3 percent and North Carolina dropped 0.4 percentage point to 5.5 percent.

Rhode Island and Illinois witnessed the biggest declines over the year, while the rate actually rose 1.3 percentage points in Louisiana from December 2013.

North Dakota recorded the lowest unemployment rate at 2.8 percent. Mississippi had the highest rate of unemployment in December among the states at 7.2 percent, and the District of Columbia saw a 7.3 percent jobless rate.

The unemployment rate in Midwest remained at the lowest level at 5.2 percent, and the West reported the highest rate at 6.3 percent.

All four regions also witnessed remarkable declines in the unemployment rate from a year ago, dropping 0.8 percentage points in the South, 1.1 percentage points in the West, 1.3 percentage points in the Northeast and 1.6 percentage points in the Midwest.

19 states reported rates remarkably lower than the US figure of 5.6 percent, 10 states and the District of Columbia had measurably increased rates, while 21 states witnessed rates not appreciably different.

Nonfarm payroll employment surged in all 50 states in the month of December from the same time a year ago, with the biggest percentage hikes occurring in Texas, Utah and North Dakota.

Share this:

  • Tweet
  • Share on Tumblr

Filed Under: Financial News Tagged With: US job opportunities, US jobless rate, US jobless rate in December, US jobs, US labor market, US Nonfarm payroll employment, US unemployment rate

Leave a Reply Cancel reply

You must be logged in to post a comment.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 15 other subscribers

Recent Articles

AXA building in Wiesbaden, Germany.

Insurer AXA To Buy XL Group For $15 Billion

By Leave a Comment

New York Stock Exchange on Wall Street.

Wall Street Comes Out Intact As Global Stock Rise

By Leave a Comment

Ryanair profits are up despite threats of pilot strike.

Ryanair Profits Are Up But A New Pilot Strike May Be Around The Corner

By Leave a Comment

Bitcoin bubble may burst, analysts speculate.

Bitcoin Bubble Shows Signs Of Bursting

By Leave a Comment

One percent amassed 82 percent of the world's fortune last year.

82 Percent Of The World’s Wealth Went To The One Percent In 2017, According To Oxfam Report (Report)

By Leave a Comment

Morgan Stanley will be hit with a $1.25 billion charge as part of the new Republican tax cut.

Morgan Stanley To Be Hit With $1.25 Billion Charge From Republican Tax Reform

By Leave a Comment

General Electric Laboratory

High Demand For Renewable Forces General Electric To Slash 12 Thousand Jobs Worldwide

By Leave a Comment

Cryptocurrency bitcoin coins

Cryptocurrency Is Worth More Than JPMorgan, Bitcoin Raises Concerns

By Leave a Comment

Computer circuit board

Chipmaker Company, Marvell Technology, to Buy its Rival Cavium in $6 billion Deal

By Leave a Comment

Thanksgiving dinner

Thanksgiving Dinner Will Cost Less This Year as Food Gets Cheaper

By Leave a Comment

Doctors in surgery

Vermont Is Preparing New Health Care System

By Leave a Comment

Saudi Arabia’s capital city Riyadh

Saudi Arabia Has Just Bought Huge Stake in Uber

By Leave a Comment

No Agreement Yet on the Trans-Pacific Partnership

By Leave a Comment

Samsung Shareholders Approve Deal Which Sees Lee Family Gain More Control

By Leave a Comment

Related Articles

  • AXA building in Wiesbaden, Germany.

    Insurer AXA To Buy XL Group For $15 Billion

  • New York Stock Exchange on Wall Street.

    Wall Street Comes Out Intact As Global Stock Rise

  • Ryanair profits are up despite threats of pilot strike.

    Ryanair Profits Are Up But A New Pilot Strike May Be Around The Corner

  • Bitcoin bubble may burst, analysts speculate.

    Bitcoin Bubble Shows Signs Of Bursting

  • One percent amassed 82 percent of the world's fortune last year.

    82 Percent Of The World’s Wealth Went To The One Percent In 2017, According To Oxfam Report (Report)

  • Morgan Stanley will be hit with a $1.25 billion charge as part of the new Republican tax cut.

    Morgan Stanley To Be Hit With $1.25 Billion Charge From Republican Tax Reform

  • General Electric Laboratory

    High Demand For Renewable Forces General Electric To Slash 12 Thousand Jobs Worldwide

  • Cryptocurrency bitcoin coins

    Cryptocurrency Is Worth More Than JPMorgan, Bitcoin Raises Concerns

  • Computer circuit board

    Chipmaker Company, Marvell Technology, to Buy its Rival Cavium in $6 billion Deal

  • Thanksgiving dinner

    Thanksgiving Dinner Will Cost Less This Year as Food Gets Cheaper

Categories

  • Business
  • Entertainment
  • Financial News
  • Lifestyle & Health
  • Nation & Politics
  • National News
  • Nature
  • Science
  • Technology & Research
  • World

Copyright © 2021 WallStreetHedge.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.