STATE ECONOMIC SNAPSHOTS

JULY 25, 2016

July 25, 2016

State Economic Snapshots

This monthly report provides a snapshot of the status of the economic recovery in each of the 50 states and

the District of Columbia. This month’s snapshots include state-level data on jobs, unemployment and

earnings through June 2016.1

Highlights

Private-sector employment increased in 40 states in June.

The unemployment rate fell in 11 states and the District of Columbia.

Average hourly earnings, adjusted for inflation, increased in 36 states over the past year.

Private-Sector Job Gains

Private-sector employment increased in 40 states in June. The largest private-sector gains were seen in

California (31,300), New York (23,900), New Jersey (22,200), Pennsylvania (18,400) and Michigan

(18,000). On a percentage basis, the largest gains were in the Delaware, Maine, Hawaii, West Virginia,

New Jersey, New Hampshire, Arizona, Nevada and Massachusetts.

Over the past 12 months, 44 states and the District of Columbia gained private-sector jobs, with California

(399,000), Florida (226,900), Texas (123,000), Georgia (116,300) and New York (96,700) recording the

largest increases. The largest percentage gains in private-sector employment during this period were in

Arizona, Delaware (3.7 percent each), Utah (3.5 percent), Oregon (3.4 percent), Georgia and Florida (3.2

percent each). Nationally, 2.3 million private-sector jobs were added in the past year, a 1.9 percent

increase.

Unemployment

The unemployment rate declined in 11 states and the District of Columbia in June. North Carolina (-0.2

percentage point) was the only state to record a statistically significant decrease during June. Six states had

statistically significant increases in the unemployment rate from the prior month.

Over the past 12 months, 33 states and the District of Columbia reported declines in the unemployment

rate. Sixteen states and the District of Columbia had declines that were statistically significant, with the

largest of these declines in Tennessee (-1.6 percentage points), Arkansas (-1.5 percentage points), West

Virginia (-1.1 percentage points) and Oregon (-1.0 percentage point). Two states had increases that were

statistically significant.

South Dakota (2.7 percent) had the lowest unemployment rate in June, followed by New Hampshire

(2.8 percent), Nebraska (3.0 percent), North Dakota and Vermont (3.2 percent each). Alaska (6.7 percent)

had the highest unemployment rate, followed by Nevada (6.4 percent), Illinois, New Mexico and Louisiana

(6.2 percent each). The national unemployment rate increased from 4.7 percent in May to 4.9 percent in

1 Individual monthly readings should be interpreted with caution and in the context of longer-term trends and other data that

become available. State-level data changes on a monthly basis may not be statistically significant due to sampling variation,

which occurs because a sample rather than the entire population is surveyed.

State Economic Snapshots—page 2

June, in large part because workers entered the labor force in response to better employment prospects. The

national unemployment rate was 5.3 percent in June 2015.

Earnings Average hourly earnings, adjusted for inflation, increased in 36 states over the past year. The largest

earnings gains were posted in Delaware (6.8 percent), Rhode Island, Iowa (5.1 percent each), North

Carolina (4.7 percent) and Nebraska (4.0 percent). Earnings declined in 14 states and the District of

Columbia. Nationally, real average hourly earnings increased by 1.6 percent (not seasonally adjusted) in

the past year. The District of Columbia ($37.86) had the highest average hourly earnings in June, followed

by Massachusetts ($30.75), Washington ($29.98), Connecticut ($29.93) and New York ($28.68).

Key Employment Sectors

Manufacturing

Manufacturing employment expanded in 27 states during June. The largest increases were in North

Carolina (4,200), California (3,600), New York (3,000), Ohio (2,600) and Wisconsin (2,300). On a

percentage basis, the largest gains were in Mississippi, South Dakota, Nevada, North Carolina, Utah and

New Jersey.

Over the past 12 months, 22 states added manufacturing positions. On a percentage basis, the biggest gains

were in Tennessee (3.4 percent), Florida (3.3 percent), Montana (3.2 percent), Maryland (2.8 percent) and

Utah (2.7 percent). Across the country, 29,000 manufacturing positions have been lost in the last 12

months, a 0.2 percent decrease.

Construction

Construction employment increased in 23 states and the District of Columbia during June. The largest

gains were reported in Pennsylvania (3,400), Arizona (3,100), Colorado (2,700), Indiana (2,600), Iowa and

Wisconsin (2,100 each). The largest percentage gains during the month were in Delaware, New

Hampshire, Iowa, Arizona and Indiana.

In the past 12 months, 39 states added construction jobs. The greatest percentage gains over the past year

were in Hawaii (15.9 percent), Iowa (15.8 percent), Oklahoma, Colorado (8.9 percent each), Arizona and

Nevada (8.7 percent each). Nationally, over this period, construction employment increased by 217,000

positions, a 3.4 percent increase.

Professional and Business Services

Professional and business services employment increased in 35 states during June. The largest increases

were posted in California (11,300), Ohio (6,900), Virginia (5,100), Georgia (4,900) and Michigan (4,200).

The largest percentage gains were in Hawaii, New Hampshire, Maine, North Dakota and Delaware.

In the past year, 40 states and the District of Columbia added jobs in professional and business services.

The largest percentage gains were in Delaware (8.1 percent), Oregon (6.8 percent), South Carolina (5.5

percent), Georgia and Idaho (5.3 percent each). The U.S. economy overall has added 497,000 professional

and business services jobs during this time, a 2.5 percent increase.

State Economic Snapshots—page 3

South Dakota 2.7%

New Hampshire 2.8%

Nebraska 3.0%

North Dakota 3.2%

Vermont 3.2%

Hawaii 3.3%

Colorado 3.7%

Idaho 3.7%

Maine 3.7%

Virginia 3.7%

Arkansas 3.8%

Kansas 3.8%

Minnesota 3.8%

Iowa 4.0%

Utah 4.0%

Tennessee 4.1%

Delaware 4.2%

Massachusetts 4.2%

Montana 4.2%

Wisconsin 4.2%

Maryland 4.3%

Missouri 4.5%

Texas 4.5%

Michigan 4.6%

Florida 4.7%

New York 4.7%

Indiana 4.8%

Oklahoma 4.8%

Oregon 4.8%

North Carolina 4.9%

UNITED STATES 4.9%

Kentucky 5.0%

Ohio 5.0%

Georgia 5.1%

New Jersey 5.1%

California 5.4%

South Carolina 5.4%

Rhode Island 5.5%

Pennsylvania 5.6%

Wyoming 5.7%

Arizona 5.8%

Connecticut 5.8%

Washington 5.8%

Mississippi 5.9%

Alabama 6.0%

District of Columbia 6.0%

West Virginia 6.0%

Illinois 6.2%

Louisiana 6.2%

New Mexico 6.2%

Nevada 6.4%

Alaska 6.7%

Puerto Rico 11.2%

Unemployment Rate

(June 2016)

Percentage Net Jobs Percentage Net Jobs

UNITED STATES 5.2% 6,019,000 9.5% 10,582,000

Alabama -2.8% -45,600 2.9% 44,600

Alaska 8.3% 19,700 7.7% 18,400

Arizona 2.2% 49,100 10.2% 212,500

Arkansas 1.8% 18,200 4.6% 44,800

California 7.6% 981,800 13.0% 1,601,600

Colorado 10.2% 201,500 13.4% 256,500

Connecticut 0.1% 1,300 3.0% 42,400

Delaware 4.9% 18,700 9.5% 34,500

District of Columbia 14.1% 65,800 13.5% 63,400

Florida 6.2% 424,500 14.8% 931,100

Georgia 6.7% 231,500 12.6% 414,500

Hawaii 4.1% 20,700 10.2% 48,600

Idaho 5.7% 30,900 12.8% 64,500

Illinois 0.8% 41,700 4.7% 231,400

Indiana 3.2% 81,100 9.2% 221,600

Iowa 3.9% 50,300 6.1% 75,700

Kansas 1.5% 17,000 2.5% 28,000

Kentucky 2.8% 43,900 7.6% 111,800

Louisiana 5.0% 78,100 5.7% 88,500

Maine 0.2% 1,100 3.3% 16,500

Maryland 3.9% 82,900 7.2% 148,600

Massachusetts 7.8% 225,100 10.4% 293,600

Michigan 3.9% 140,100 13.3% 437,500

Minnesota 4.7% 111,100 7.6% 173,900

Mississippi -2.3% -20,900 2.5% 22,100

Missouri 0.6% 13,900 3.5% 80,200

Montana 4.1% 14,600 8.0% 27,700

Nebraska 4.8% 38,600 6.0% 47,800

Nevada -0.2% -2,200 9.0% 93,300

New Hampshire 3.8% 21,300 6.4% 34,800

New Jersey 1.2% 42,100 5.1% 169,900

New Mexico -1.7% -11,000 1.8% 11,300

New York 9.1% 658,100 10.9% 778,100

North Carolina 4.0% 138,500 10.0% 326,000

North Dakota 24.2% 69,200 22.8% 65,900

Ohio 2.0% 94,000 7.0% 309,300

Oklahoma 3.2% 40,400 4.2% 52,600

Oregon 5.7% 82,400 12.5% 169,900

Pennsylvania 2.6% 130,200 5.0% 244,700

Puerto Rico -8.3% -60,000 -4.2% -29,100

Rhode Island 1.1% 4,500 5.7% 23,000

South Carolina 5.5% 87,200 12.0% 180,500

South Dakota 6.9% 23,100 7.1% 23,600

Tennessee 6.1% 146,100 11.9% 268,800

Texas 15.0% 1,315,600 15.7% 1,369,600

Utah 11.9% 125,400 17.6% 176,800

Vermont 1.7% 4,300 4.8% 11,800

Virginia 3.6% 111,600 6.5% 196,100

Washington 8.7% 213,400 12.0% 287,500

West Virginia -1.8% -10,900 -0.9% -5,400

Wisconsin 2.6% 65,000 5.8% 138,900

Wyoming -7.7% -17,300 -7.3% -16,400

Job Growth in America: Change in Private-Sector Jobs

**Data through

June 2016**

Since Before Recession

(December 2007)

Under President Obama

(January 2009)

State Economic Snapshots—page 4

U.S. Congress Joint Economic Committee

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In June 2016, average hourly earnings of private-sector workers in California were $28.58. The average

workweek was 34.3 hours, and average weekly earnings were $980.29.

Unemployment

Earnings

Economic Snapshot: California

**Includes Bureau of Labor Statistics jobs, unemployment and earnings data through June 2016**

**Last updated on July 22nd; July data will be released on August 19th**

Since February 2010, the national low point for private-sector employment, California businesses have

added 2,194,200 jobs (an increase of 18.7 percent). Nationally, private payrolls have increased by 13.8

percent over this time.

The state sectors with the greatest job gains in percentage terms since February 2010 are: construction at

34.4 percent (193,900 jobs), leisure and hospitality at 28.2 percent (418,000 jobs) and professional and

business services at 25.8 percent (528,200 jobs).

Jobs

In June, private-sector employment in California grew by 31,300 jobs. Over the past year, California

businesses have added 399,000 jobs. This compares with an increase of 394,300 jobs over the 12 months

through June 2015.

Unemployment is down 0.8 percentage point from one year earlier and is 6.8 percentage points below its

recent peak of 12.2 percent in October 2010.

There were 1,022,400 California residents unemployed in June 2016.

The unemployment rate in California was 5.4 percent in June 2016, up 0.2 percentage point from May. The

rate was 0.5 percentage point above the national rate of 4.9 percent.

Adjusting for inflation, state average hourly earnings have risen by 1.5 percent over the past year.

Nationally, real average hourly earnings have increased by 1.6 percent (not seasonally adjusted).

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Source: JEC Democratic staff calculations based on seasonally adjusted data from the Bureau of Labor Statistics

Private-Sector Job Growth in CaliforniaMonthly, Jan. 2008 - Jun. 2016, thousands

2008 2009 2010 2011 2012 2013 2014

Bush administration

Obama administration

2015 2016

JULY 2016

California United States

Private-Sector Jobs Added……………………………….Past 12 Months 399,000 2.3 million

Since Feb. 2010 2,194,200 14.8 million

Unemployment Rate …………………………………………………..June 2016 5.4% 4.9%

June 2015 6.2% 5.3%

Recession-Era Peak 12.2% 10.0%

Median Household Income (2014 $)…………………………………………………………….2014 $60,500 $53,700

2007 (Pre-Recession) $63,600 $57,400

Poverty Rate...………………………………………………………………..2014 15.8% 14.8%

2007 (Pre-Recession) 12.7% 12.5%

All Veterans' Unemployment Rate………………………….'2015 6.8% 4.6%

Post-9/11 Veterans' Unemployment Rate…………………………2015 10.6% 5.8%

Percentage Without Health Insurance...………………………………………………………….2014 12.4% 11.7%

2013 17.2% 14.5%

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* Note: Because of methodological differences, total U.S. real GDP by state differs slightly from headline national GDP figures

Exports over the past 12 months are up 29.8 percent from their level in 2009 (inflation-adjusted).

In California, goods exports totaled $13.3 billion in May and $159.3 billion over the past year, down 0.7

percent from the 12 months ending in May 2015 (inflation-adjusted).

Exports

In May 2016, builders in California broke ground on 92,520 new housing units (seasonally adjusted annual

rate), bringing the average over the past 12 months to 92,011 units. That marks an increase of 1.5 percent

from the average over the prior 12 months.

Home prices in California increased by 7.3 percent from the first quarter of 2015 to the first quarter of 2016.

They are up 57.3 percent since their recent low in the third quarter of 2011.

Housing

Real gross domestic product (GDP) in California grew by 4.2 percent over the four quarters through the

fourth quarter of 2015, above the national average growth rate of 2.0 percent.*

State Gross Domestic Product

Since the official end of the Great Recession in the second quarter of 2009, California GDP growth has

averaged 2.4 percent at an annual rate, compared with a national average of 1.9 percent.

*** Note: state-level data changes may not be statistically significant due to sampling variation. Individual monthly readings should be

interpreted with caution and in the context of longer-term trends and other data that become available.

** A list of sources used to compile the California economic snapshot is available at: http://bit.ly/JEC-state-by-state-sources

**** For additional California-specific labor sector statistics, please refer to the California office: http://www.labormarketinfo.edd.ca.gov/

State Quick Facts