蘑菇视频

State unemployment rate stands at a record low

On Friday, April 15th,聽聽released state employment numbers for 蘑菇视频. They show that our state unemployment rate stands at a record low of 3.1%, the lowest since the BLS began tracking in 1976.

The 蘑菇视频 Center for Opportunity’s (GCO) take: “At 3.1%, 蘑菇视频 is tied with Arkansas for the 16th lowest unemployment rate, a half point below the national unemployment rate of 3.6%,” said聽Erik Randolph, GCO’s director of research. “蘑菇视频 is among the 16 states that have recovered all the private employment lost due to the pandemic. According to our analysis, 蘑菇视频 ranks 10th in the nation when comparing private employment to each state’s pre-pandemic private employment growth trajectory.”

“Labor force participation is still an area of weakness. 蘑菇视频’s rate ranks 26th in the nation. While 蘑菇视频’s labor force participation rate edged up from 61.9% in February to 62.1% in March, it is still below its pre-pandemic rate of 62.8%. It is also well below the states with the highest rates. Nebraska leads the nation with 69.8% participation, just 0.2 points below its pre-pandemic rate”

“The national economic picture is worrisome and can put a damper on the improving job picture. Rising inflation and supply-side problems are creating uncertainty that will impact entrepreneurial decision-making and alter the economic outlook. Some economic indicators are beginning to point to a possible economic slowdown. Although these prognostications are not certain, they are concerning.”

For more, read Randolph’s research report on the economic impact of the pandemic shutdowns.