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State Unemployment-July 2014

September 3, 2014 Areawide, Business, Feature No Comments

laborThe New England Information Office of the U.S. Bureau of Labor Statistics (BLS) has released New England and state unemployment numbers for July 2014.  These data are supplied by the Local Area Unemployment Statistics (LAUS) program which produces monthly and annual employment, unemployment, and labor force data for Census regions and divisions, states, counties, metropolitan areas, and many cities, by place of residence.  Some highlights in the release are attached below.

  • The New England unemployment rate was essentially unchanged at 5.8 percent in July. One year ago, the New England jobless rate was higher, at 7.2 percent. The national jobless rate was little changed at 6.2 percent in May but was 1.1 percentage points lower than in July 2013.

 

  • Four New England states posted jobless rates that were significantly different from that of the United States. Vermont (3.7 percent), New Hampshire (4.4 percent), and Maine (5.5 percent) recorded lower-than-average unemployment rates. In contrast, Rhode Island, at 7.7 percent, had a jobless rate that was significantly higher than the national average of 6.2 percent and was tied with Michigan and Nevada as having the third-highest unemployment rate in the nation.

 

  • Vermont was the only New England state to record a statistically significant unemployment rate change over the month, up 0.3 percentage point. Nationwide six other states posted significant rate increases from June.

 

  • Over the last year, all six New England states recorded statistically significant unemployment rate decreases. Rhode Island, down -1.9 percentage points, had the largest unemployment rate decline.

 

Feel free to contact me with any questions.

 

Thank you.

 

Mark Maggi

Bureau of Labor Statistics

617-565-2562

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