State-by-State Employment Data released today:
“Highlights:
* “Over the past year (since June 2003), the unemployment rate has fallen in 47 states and all 4 regions of the United States.
* “Non-farm payroll employment increased in 41 states in June.
* “Over the past year, employment has increased in 46 states.
* “37 states now have unemployment rates at or below the national unemployment rate of 5.6 percent.
* “The states with the largest payroll job gains during June were North Carolina (+35,400), Missouri (+27,600), Pennsylvania (+20,300), California (+12,300), South Carolina (+12,000), and Florida (+11,800).
“The latest state-by-state data are consistent with recent job growth nationwide. Since last August, over 1.5 million new payroll jobs have been created. Nearly 1.3 million new jobs have been created in 2004 alone. If the current pace of job growth for 2004 continues, over 2.5 million jobs will be created this year. In addition, the current national unemployment rate is 5.6 percent, well below its recent peak of 6.3 percent and below the average unemployment rates of the 1970s, 1980s, and 1990s.”
(Source: Joint Economic Committee).
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