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Daily Roundup of Key US Economic Data for March 22
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Daily Roundup of Key US Economic Data for March 22
Mar 22, 2024 11:42 AM

02:22 PM EDT, 03/22/2024 (MT Newswires) -- State-level data from the Bureau of Labor Statistics showed the unemployment rate rose in three states in February, fell in three states and held steady elsewhere.

The gains were in Rhode Island, Connecticut, and Washington, while there were declines in Tennessee, Wisconsin, and Massachusetts. North Dakota had the lowest jobless rate in February, while California had the highest.

The national unemployment rate rose to 3.9% in February from 3.7% in January.

Payrolls rose in four states, with Texas and Illinois posting the largest increases.

Nationwide nonfarm payrolls rose by 275,000 in February after a revised 229,000 gain in January.

The St. Louis Fed's GDP nowcast estimate for Q1 was revised up to 1.33% from the 1.21% estimate a week earlier.

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