financetom
Economy
financetom
/
Economy
/
February Unemployment Rate Declines Largest in Tennessee and Wisconsin, Rise Largest in Rhode Island
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
February Unemployment Rate Declines Largest in Tennessee and Wisconsin, Rise Largest in Rhode Island
Mar 22, 2024 7:41 AM

10:18 AM EDT, 03/22/2024 (MT Newswires) -- State-level data released by the Bureau of Labor Statistics Friday showed the unemployment rate fell in three states in February, rose in three and held steady elsewhere.

The largest unemployment rate declines were in Tennessee and Wisconsin, where it fell by 0.2 percentage point in each state. The largest unemployment rate gain was in Rhode Island where it rose by 0.3 percentage point. North Dakota had the lowest rate at 2% while California had the highest at 5.3%.

The national unemployment rate was reported at 3.9% in February, up from 3.7% in January.

Nonfarm payrolls rose in four states and were little changed elsewhere. Nationwide nonfarm payrolls rose by 275,000 in February after a 229,000 gain in January.

The largest payrolls gain in absolute terms was in Texas, which added 49,800 jobs, followed by Illinois with 23,100.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
National industrial policies can be effective, but they carry risks, IMF says
National industrial policies can be effective, but they carry risks, IMF says
Oct 3, 2025
By Andrea Shalal WASHINGTON (Reuters) -More countries are seeking to reshape their economies using public support for specific firms and sectors, but subsidies and other industrial policies can be costly and may not be effective unless carefully utilized, the IMF said on Friday. The International Monetary Fund, in a chapter of its forthcoming World Economic Outlook, said industrial policies can...
US services sector stalls as new orders slow to a crawl, employment weak
US services sector stalls as new orders slow to a crawl, employment weak
Oct 3, 2025
WASHINGTON (Reuters) -U.S. services sector activity stalled in September amid a sharp slowdown in new orders, while subdued employment added to mounting evidence of sluggish labor market conditions because of waning demand and supply of workers. The survey from the Institute for Supply Management (ISM) on Friday could gain more prominence after a lapse in funding undefined forced a shutdown...
Fed's Goolsbee a 'little wary' of front-loading too many rate cuts -CNBC
Fed's Goolsbee a 'little wary' of front-loading too many rate cuts -CNBC
Oct 3, 2025
(Reuters) -Chicago Federal Reserve President Austan Goolsbee on Friday said he was hesitant to commit to a series of interest rate cuts with inflation still running above the central bank's 2% target, echoing the concerns of several of his peers about the persistence of inflation for services. The Fed, Goolsbee said in an appearance on CNBC, was in a bit...
BofA Global Research moves Fed rate cut forecast to October from December
BofA Global Research moves Fed rate cut forecast to October from December
Oct 3, 2025
(Reuters) -Bank of America Global Research on Friday pulled forward its forecast for the next Federal Reserve interest rate cut to October from December, citing signs of a softening labor market. It remains the only major Wall Street brokerage forecasting just one more 25-basis-point rate cut from the Fed this year, while others such as Goldman Sachs and Morgan Stanley...
Copyright 2023-2026 - www.financetom.com All Rights Reserved