Nebraska records lowest unemployment rate in U.S. history

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Nebraska’s unemployment rate fell to 1.9% last month — the lowest for any state since data collection began in 1976. AP reports,

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big picture: This number is in contrast to the national, seasonally adjusted rate of 4.6% in October. Nebraska maintained the lowest unemployment rate among the states during the pandemic.

  • This rate reflects for the first time that the unemployed number of a state is below 2% per AP. The unemployment rate in the state capital, Lincoln, was less than 1.3%.

yes but: Nebraska already has labor shortages per AP pandemic. this is induced wages And made it difficult for employers to hire and expand.

  • Rural states generally have lower unemployment rates for a number of reasons, as they offer more employment, along with agriculture and food production, the AP notes.
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What are you saying: Eric Thompson, professor of economics at the University of Nebraska-Lincoln told the Wall Street Journal The state’s strong high school graduation rate helps.

  • “More educated workers … are less likely to be laid off and more likely to find work quickly,” he said.

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