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United States: Unemployment Rate Reached a Record Low in 19 States Last Year. Massachusetts, New Mexico and Iowa were the states with the most dramatic unemployment rate decreases.

Iowa: Iowa has the lowest unemployment rate in the country in December at 2.4 %.

Massachusetts:  Massachusett’s unemployment rate dropped one-tenth of a percentage to 3.3% in December.

Michigan: Michigan’s unemployment rate rose by a one-tenth of a percentage point to 4.0% in December.

New Mexico: New Mexico’s unemployment rate is up slightly from the previous month’s rate but significantly below that of a year earlier. The Department of Workforce Solutions reports that the rate was 4.7% in December, up from 4.6% in November but down from 6% in December 2017.

South Dakota: The South Dakota unemployment trust fund finished the 2018 fiscal year with a balance over $120 million. That led the South Dakota House of Representatives to pass a vote to trim an estimated $2.5 million from the tax that fuels the fund. The tax cut would take effect for calendar 2020. House Bill 1034  now moves next to the state Senate for a hearing.

If you have questions regarding any of the workforce solutions, CCC provides, please contact us at 800.207.6926 or contact@corporatecostcontrol.com.


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