A state-by-state analysis of the Bureau of Labor Statistic’s most recent unemployment numbers show states considered to be “rural” are close to, or in, full employment. North and South Dakota, Nebraska, New Hampshire and Vermont recorded the lowest unemployment rates, ranging from 3.6% to 6%.
Florida, Rhode Island, California, Michigan and Nevada recorded the country’s highest jobless rates, coming in between 11.5% and 14.3%.
Specific to the financial sector, New York ranks 22nd with 8.2% unemployment, well below the national average of 9.6%.
As of July, New York City’s unemployment rate fell for the seventh straight month to 9.4%. The Labor Department cited hiring by financial companies as the reason as 4,000 jobs were added, including 1,200 by securities firms. Over the past 12 months, industry employment is still down 1,400 jobs, or 0.3%.