Recent reports have shown over 14 states announcing setting new low records in unemployment rates.
The states include: Hawaii, Idaho, Kentucky, Maine, Mississippi, Oregon, Wisconsin, California, Texas, North Dakota, Tennessee, Colorado, Alabama and Arkansas.
From The Hill:
“Such a tight job market means businesses are competing for workers, rather than workers competing for scarce jobs. That has some economists combing through data in search of evidence of rising wages, which have been largely stagnant since the recession.”
Several states have seen dramatic changes in their unemployment numbers from where they were at the start of the decade.
Colorado tops the nation with the lowest unemployment rate coming in at 2.6 percent.
This is fantastic news after the U.S. saw many workers out of a job over the past decade due to the recession. Another positive note is wages are starting to slowly rise higher as well. There is no denying that the Trump Administration has a large part to play in seeing workers getting back to action!