State Unemployment in August Hid a 1.8 Point Spread Behind the 4.1 Percent Average
The August state employment numbers landed this month with a gap in them that the national unemployment rate cannot show. California reported 5.1 percent unemployed in August while Ohio reported 3.3 percent, a 1.8 percentage point spread between the country's largest state labor market and one of its tightest, according to the Bureau of Labor Statistics' Local Area Unemployment Statistics release. The national rate sat at 4.1 percent, unchanged for a second month, per BLS data. That average is real, but it is hiding a labor market that is loosening in the South and still short of workers in parts of the industrial Midwest.
Key Takeaways The national unemployment rate held at 4.1 percent in Au…
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