When it comes to unemployment in America, the good news is that rates in general are low. As of June 2022, the Bureau of Labor Statistics announced that the national unemployment rate was 3.6% for the fourth month in a row.
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Historically, this is a quite a low rate, even when compared with prior boom years in the economy. It’s also a welcome relief after unemployment spiked to 14.8% in April 2020, in response to the coronavirus outbreak. That was the highest reading since measurements began over 70 years ago, in 1948.
But, as the economy has bounced back rapidly from the depths of the coronavirus recession, companies are seemingly hiring anyone they can find.
Of course, the employment situation can often vary by quite a bit on a regional basis. To compare how the labor market is doing in different parts of the country, GOBankingRates analyzed Bureau of Labor Statistics data for all 50 states, then broke that information down into the top and bottom five states in terms of unemployment rates. Here are the results of that study.
