Hawaii’s Unemployment Rate at 2.2%, Alaska’s at 7.2%

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By Douglas A. McIntyre Updated Published
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Hawaii’s Unemployment Rate at 2.2%, Alaska’s at 7.2%

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Alaska, the 49th state to join the Union, on January 3, 1959, had the highest unemployment rate of any state in October at 7.2%. Hawaii, the 50th, which became a state on August 21st of that same year, had the lowest at 2.2%. The figures show how uneven the job recovery after the Great Recession has been.

The national jobless rate was 4.1% in October. Several states were at 3% or lower. Most of those have very small populations. The unemployment rate for the month in North Dakota was 2.5%, in Colorado 2.7%, Idaho 2.9%, Iowa 3.0%, Nebraska 3.0%, New Hampshire 2.7%, Tennessee 3.0% and Vermont 2.9%. For some reason, these pockets of low jobless rates are clustered in the northern tier of the states in the center of the country and in northern New England.

The states with jobless rates at or above 5% are the District of Columbia (not a state, but included in the Bureau of Labor Statistics data) at 6.6%, Kentucky at 5.0%, Nevada at 5.0%, New Mexico at 6.1%, Ohio at 5.1% and West Virginia at 5.1%. Demographers will be left with the task of interpreting why there is no geographic pattern among these.

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The Bureau of Labor Statistics overall comments about state unemployment for October posted on November 17:

Unemployment rates were lower in October in 12 states, higher in 1 state, and stable in 37 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Twenty-three states had jobless rate decreases from a year earlier, 2 states and the District had increases, and 25 states had little or no change. The national unemployment rate edged down to 4.1 percent in October and was0.7 percentage point lower than a year earlier.

Nonfarm payroll employment increased in 9 states in October 2017, decreased in 3 states, and was essentially unchanged in 38 states and the District of Columbia. Over the year, 27 states added nonfarm payroll jobs and 23 states and the District were essentially unchanged.

Table A. States with unemployment rates significantly different
from that of the U.S., October 2017, seasonally adjusted
--------------------------------------------------------------
                State                |          Rate(p)
--------------------------------------------------------------
United States (1) ...................|           4.1
                                     |
Alaska ..............................|           7.2
California ..........................|           4.9
Colorado ............................|           2.7
Delaware ............................|           4.8
District of Columbia ................|           6.6
Hawaii ..............................|           2.2
Idaho ...............................|           2.9
Illinois ............................|           4.9
Iowa ................................|           3.0
Kentucky ............................|           5.0
                                     |
Louisiana ...........................|           4.8
Minnesota ...........................|           3.3
Mississippi .........................|           4.9
Nebraska ............................|           2.7
Nevada ..............................|           5.0
New Hampshire .......................|           2.7
New Jersey ..........................|           4.9
New Mexico ..........................|           6.1
New York ............................|           4.8
North Dakota ........................|           2.5
                                     |
Ohio ................................|           5.1
Pennsylvania ........................|           4.7
South Dakota ........................|           3.5
Tennessee ...........................|           3.0
Utah ................................|           3.3
Vermont .............................|           2.9
West Virginia .......................|           5.1
Wisconsin ...........................|           3.4
--------------------------------------------------------------
   (1) Data are not preliminary.
   (p) = preliminary.

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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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