Jobs
Almost Half of US States See Jobless Rate Drop to or Below 3%
- Jobless data ‘seriously non-recessionary,’ Bernstein says
- Minnesota had the lowest rate at 1.8% last month, data show
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
The unemployment rate declined in more than half of American states in July, with a record 22 states reporting jobless rates at or below 3% in another data point providing evidence against a US recession.