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Unemployment rates stable in most of nation

August 21, 2023

Unemployment rates were stable in the bulk of the nation in July.

The U.S. Bureau of Labor Statistics reported 40 states saw little change in jobless rates from June in a new report released Friday. Twenty-six states had unemployment rates mirroring the national average of 3.5 percent from July.

The nationwide rate dropped slightly for a second straight month, from 3.6 percent to 3.5 percent. The economy added 187,000 jobs in July.

New Hampshire reported the lowest unemployment rate of 1.7 percent. Maryland and Vermont were at 1.8 each. South Dakota was at 1.9.

Pennsylvania reported the most significant decrease from June to July from 3.8 to 3.5.
Florida added the most jobs, 44,500. Indiana added 13,900 and Hawaii 5,300.

For the year, Texas has added the most, 441,700, followed by California (363,000) and Florida (300,600).

Nevada had the highest unemployment rate at 5.3 percent in July. The District of Columbia was at 5 percent.

Arizona (3.6 percent) and Wisconsin (2.6 percent) saw unemployment rise by 0.1 percent.

NIADA Author

The National Independent Automobile Dealers Association (NIADA) is among the nation’s largest trade associations, representing the used motor vehicle industry comprised of some 40,000 licensed used car dealers. Since 1946, NIADA has represented the voice and interests of used car dealers at the federal level in Washington D.C. Coupled with its state association network across the country, NIADA’s grass-roots framework provides a dual layer of advocacy unmatched in the used motor vehicle industry. For 75 years, NIADA has engineered programs and leveraged technology to fulfill its mission to advance, educate and promote the independent used car dealer. NIADA members subscribe to a strict Code of Ethics of duty, honor and integrity, and believe in the advancement of small business in support of the free-market system. More information about NIADA, visit www.niada.com.