Mapping State (Un)Employment Trends
On Friday, the BLS released its monthly state employment and unemployment summary. The Bberg chart below summarizes the results. Bottom line: lots of red, a little green and quite a bit unchanged.
In May, nonfarm payroll employment increased in 22 states, decreased in 27 states and the District of Columbia, and was unchanged in 1 state. The largest over-the-month increase in employment occurred in Florida (+28,000), followed by Ohio (+12,000), Arizona and Louisiana (+10,100 each), and Texas (+8,800). Wyoming experienced the largest over-the-month percentage increase in employment (+0.8 percent), followed by Louisiana (+0.5 percent) and Arizona and Florida (+0.4 percent each). The largest over-the-month decrease in employment occurred in California (-29,200), followed by New York (-24,700), Pennsylvania (-14,200), Michigan (-13,400), and Maryland (-13,300). Alaska experienced the largest over-the-month percentage decline in employment (-1.5 percent), followed by Vermont (-1.2 percent), Delaware (-0.9 percent), and West Virginia (-0.7 percent). Over the year, nonfarm employment increased in 39 states and decreased in 11 states and the District of Columbia. The largest over-the-year percentage increase occurred in North Dakota (+4.3 percent), followed by Texas (+2.0 percent), Nebraska (+1.9 percent), and Wyoming (+1.7 percent). The largest over-the-year percent decrease in employment occurred in Maryland (-0.8 percent), followed by New Mexico (-0.7 percent) and Georgia and Nevada (-0.6 percent each).
In light of the above, we keep looking forward to the sequel to Tim Geithner's Recovery Op-ed.
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