Today, the US Bureau of Statistics reported that South Dakota had the lowest unemployment rate of all US states in March, recording an impressive 1.9%. This was closely followed by neighboring states Nebraska and North Dakota, both of which had jobless rates of 2.1%.
It’s worth noting that seven states enjoyed their lowest unemployment rate since 1976: Alabama, Arkansas, Maryland, Mississippi, Montana, West Virginia, and Wisconsin, all of which had extremely low figures ranging from 2.3% to 3.4%.
Unfortunately, Nevada had the highest unemployment rate of all US states in March, with a rate of 5.5%. On the other hand, New Mexico showed the greatest year-over-year decrease in its unemployment rate, recording 3.5%, a drop of 1.1 percentage points. On the other hand, Oregon experienced the largest year-over-year increase in its jobless rate, climbing to 4.4%, an increase of 0.9 percentage points.