By Economic Editor
The Bureau of Labor and Statistics released their monthly state unemployment numbers on June 17th and the results are in. Alaska finished with an unemployment rate of 6.7 percent as is shown in the Table below. That’s the worst unemployment rate of any state in the union for the month of May, including the District of Columbia. Illinois is next with 6.4 percent followed by Louisiana at 6.3 percent.
What exactly is the unemployment rate? The unemployment rate is the number of unemployed, divided the labor force, and multiplied by 100 percent. In this case, Alaska has the lowest proportion of number of employed when compared to the size of its labor force.
And something else to keep in mind while viewing these unemployment numbers. Mississippi, Alabama, Nevada, New Mexico, and Illinois are states with republican governors; whereas, Washington, West Virginia, and Louisiana are states with democrat governors.
Alaska’s governor is an independent and the District of Columbia is a different all together. D.C. has a mayor who is a democrat and a city council that is composed of 11 democrats and 2 independents. However, congress has the right to intervene in city business and politics as it did with marijuana legalization in 2014.
So does your state have the worst unemployment rate? Is your state even on this list? Or did your state finish in the top 10 list of states with the lowest unemployment rate for the month of May?
Table 1 – State Unemployment for May 2016
|44||DISTRICT OF COLUMBIA||6.1|
Source: Bureau of Labor and Statistics
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Categories: Economic News