This is the year that in 13 states we have seen the unemployment rate drop to the lowest levels that we as a country have ever seen since the federal government began keeping track of state-level data more than four decades ago.
Red states, blue states doesn’t seem to matter, the country is on track for one of the largest economic booms we have see since the Reagan Boom.
In October, the unemployment rates in Alabama, Hawaii, Maine, Mississippi, Tennessee, Texas and Washington all met or beat their lowest rates ever recorded by the Bureau of Labor Statistics (BLS), according to the agency’s monthly report issued Friday.
California, Colorado, Idaho, North Dakota and Oregon also hit new lows earlier this year.
In 2010, California, Colorado, Florida, Georgia, Nevada and North Carolina – were recorded at record-high unemployment rates. Oregon, Rhode Island and Kansas also set their own record highs in 2009.
But not anymore…
Nationally, the unemployment rate sits at 4.1 percent, the lowest level since December 2000, when it hit 3.9 percent. Thirteen states have unemployment rates significantly below the national rate, while 15 states have rates significantly above it.
Hawaii boasts the lowest unemployment rate in the nation, at just 2.2 percent in October, followed by North Dakota, at 2.5 percent, and Colorado, Nebraska and New Hampshire, at 2.7 percent each.
In the last year, Alabama’s unemployment rate has plunged the most, 2.5 percentage points, BLS reported. Tennessee’s unemployment rate has dropped 2 percentage points, from 5 percent to 3 percent. Only two states — Alaska and South Dakota — and the District of Columbia have seen their unemployment rates rise in the last 12 months.