Mississippi's June unemployment rate was 8.7 percent, compared to 5.4 percent in June a year ago. The year over year change was down 3.3 percent, the best in the nation.
In other words, Covid-19 has damaged Mississippi's economy less than any other state in the nation.
Unemployment rates were lower in June in 42 states, higher in 5 states, and stable in 3 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today.
Forty-nine states and the District had jobless rate increases from a year earlier, while one state had no change. The national unemployment rate declined by 2.2 percentage points over the month to 11.1 percent but was 7.4 points higher than in June 2019. Nonfarm payroll employment increased in all 50 states and the District of Columbia in June 2020. Over the year, nonfarm payroll employment decreased in all 50 states and the District.
Unemployment Massachusetts had the highest unemployment rate in June, 17.4 percent, followed by New Jersey, 16.6 percent, and New York, 15.7 percent. The rates in these three states set new series highs. (All state series begin in 1976.) Kentucky had the lowest unemployment rate, 4.3 percent.
In total, 30 states and the District of Columbia had jobless rates lower than the U.S. figure of 11.1 percent, 10 states had higher rates, and 10 states had rates that were not appreciably different from that of the nation. (See tables A and 1 and map 1.) In June, the largest unemployment rate decreases occurred in Nevada (-10.3 percentage points) and Hawaii (-9.6 points). Rates declined over the month by at least 2.0 percentage points in an additional 27 states. The largest over-the-month jobless rate increase occurred in Nebraska (+1.4 percentage points). (See table B.)
The largest unemployment rate increases from June 2019 occurred in Massachusetts (+14.5 percentage points) and New Jersey (+13.3 points), with another six states experiencing increases of 10.0 points or -2- more. The smallest over-the-year rate increases occurred in Utah (+2.5 percentage points) and Idaho (+2.7 points). Kentucky was the only state that did not have an increase in its unemployment rate relative to June 2019. (See table C.) Nonfarm Payroll Employment Nonfarm payroll employment increased in all 50 states and the District of Columbia in June 2020.
The largest job gains occurred in California (+558,200), New York (+301,600), and Florida (+296,000). The largest percentage increases occurred in Nevada (+8.5 percent), Michigan (+8.1 percent), and Kentucky (+6.6 percent). (See tables D and 3.) All 50 states and the District of Columbia had over-the-year decreases in nonfarm payroll employment in June. The largest job declines occurred in California (-1,740,600), New York (-1,496,900), and Texas (-696,200). The smallest declines occurred in Wyoming (-22,200), Idaho (-22,900), and Montana (-23,200). The largest percentage declines occurred in Hawaii (-16.0 percent), New York (-15.3 percent), and Massachusetts (-14.4 percent). The smallest percentage declines occurred in Utah (-2.7 percent), Idaho (-3.0 percent), and Arizona (-3.3 percent). (See table E and map 2.)
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