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Unemployment Rates in 2021

Aug 30, 2021 MicroBilt News

Unemployment Rates in 2021

After a year of low unemployment rates under 4%, the national-seasonally adjusted unemployment rate jumped to over 12% after the start of the pandemic.

The unemployment rate has yet to reach its pre-pandemic low, although it has been consistently declining over the last year, dropping to 6.2% in the first quarter of 2021.

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Although all states were affected by the pandemic, some were hit harder than others.

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In Nevada, Michigan, and Hawaii, the unemployment rate shot up to over 20% while other states including Nebraska, Wyoming, North Dakota kept their unemployment rate from reaching double digits.

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Prior to the pandemic in February 2021, Hawaii had the lowest unemployment at 2.1% but in the first quarter of 2021, it's still struggling with the highest unemployment rate at 9.1%.

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