IMPORTANT NOTICE | Mayberry Investments Limited is a cashless institution.

Mayberry Investments Limited is a cashless institution.
Please note that cash deposits into any Mayberry account held at commercial banks, whether made in-branch or via Automated Banking Machines (ABMs), are not accepted and will not be processed. For information on accepted payment methods, please contact your Investment Advisor.

U.S. Unemployment Rates Lower in December in 11 states

January 24, 2020

Eleven states posted lower unemployment rates in December, while four states recorded higher rates for the same month. Unemployment rates remained stable in thirty-five states and the District of Columbia based on a report by the Bureau of Labour Statistics (BLS). Last year, there were eight states with jobless rate decreases, one states had an increase, while forty-one states and the District was relatively stable. Whereas, there was little change in the national unemployment rate, at 3.5%, over the month and 0.4% lower than in December 2018.

In addition, “Nonfarm payroll employment increased in 3 states in December 2019 and was essentially unchanged in 47 states and the District of Columbia. Over the year, 26 states added nonfarm payroll jobs and 24 states and the District were essentially unchanged,” as stated by the BLS.

Unemployment rates

Notably, South Carolina, Utah, and Vermont recorded the lowest unemployment rate in December, 2.3%, while Alaska exhibited the highest jobless rate, 6.1%. In total, 15 states had unemployment rates lower than the U.S. figure of 3.5%, while 12 states and the District of Columbia had higher rates. Approximately 23 states had rates that were not appreciably different from that of the nation.

For the period of December, Nevada and Oregon had the largest over-the-month unemployment rate decline of 0.2%. However, Louisiana and New Jersey recorded the highest increases by 0.2% each. Furthermore, thirty-five states and the District of Columbia had jobless rates that were not notably different from those of the previous month.

Notably, Alabama and Colorado experienced the highest over-the-year unemployment rate decreases (-1.1 percentage point each). The largest increases from December 2018 was observed in Mississippi (+1.0 percentage point).

Nonfarm Payroll Employment

In December 2019, Nonfarm payroll employment rose in three states. The employment largest increases in employment occurred in Texas (+29,800, or +0.2%), Washington (+10,900, or +0.3%), and Arkansas (+5,400, or +0.4%). The largest percentage gain occurred in Michigan (+0.6%), followed by Virginia (+0.4%) and Oregon, Tennessee, Texas, and Washington (+0.3% each).However, employment fell in November in Illinois (-17,200, or -0.3%).

Moreover, according to BLS, “Twenty-six states had over-the-year increases in nonfarm payroll employment in December. The largest job gains occurred in Texas (+342,800), California (+310,300), and Florida (+212,000). The largest percentage gains occurred in Utah (+3.1%), Idaho (+2.9%), and Arizona (+2.8%).”

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

More Stories from the Market
shutterstock_453968572
October 9, 2026   Elite Diagnostic Limited (ELITE) has advised that Mrs. Simone Bowie Jones has tendered her resignation as a Director of t…
shutterstock_453968572
October 9, 2026   Jamaica Broilers Group Limited (JBG) has advised that effective Wednesday, September 30, 2026, the Board approved the app…
shutterstock_453968572
October 9, 2026   Productive Business Solutions Limited (PBS) has advised that the Company has acquired a 70% stake in TSL (Barbados) Ltd w…
shutterstock_148562033
October 9, 2026   Supreme Ventures Limited (SVL) has advised that on October 7, 2026, a related entity purchased 300,542 SVL shares. &nb…
shutterstock_316932977-700x441
October10, 2026 Guyana’s economy continues to expand at one of the fastest rates in the world, supported by strong oil production and broad-based…
shutterstock_367343003
October 9, 2026 Net International Reserves – September 2026 BOJ has reported that Jamaica’s Net International Reserves as at September 30, 2026,…
shutterstock_453968572
October 9, 2026       United States:   Dollar’s Longest Winning Streak Since Early 2025 Keeps Going     …
shutterstock_148562033
October 8, 2026   Sagicor Select Funds Limited- Financial (SELECTF) has advised that two connected parties sold a total of 79,000 SELECTF s…