Nebraska leads the country in having the lowest unemployment rate by 0.3% according to the U.S. Bureau of Labor Statistics.
The Nebraska Department of Labor also reported the seasonally adjusted unemployment rate of 2.3% for the month of July edges out June's number of 2.5%. The rate is substantially lower than a year ago when it was sitting at 4.4%.
For the Grand Island area, their unemployment rate dropped to 2.4% in July, while the Lincoln area's rate dropped to 1.9%.
According to the labor force summary, Nebraska has almost a million people employed at 997,486 and only 23,863 unemployed.
A study done by WalletHub also highlighted Nebraska's pandemic recovery with the state having the best recovery in the number of unemployed people in July 2021 compared to July 2019 and the number of unemployed people in July 2021 compared to January 2020.
Data shows a -22.85% Change in Unemployment (July 2021 versus July 2019) with 23,863 unemployed people in July 2021 versus 30,930 in July 2019 and a -22.41% Change in Unemployment (July 2021 versus January 2020) with 23,863 unemployed people in July 2021 versus 30,755 in January 2020.
Governor Pete Ricketts recently issued a statement following the news about Nebraska's unemployment rate.
“Our unemployment rate has matched our historical low, and we continue to have the lowest unemployment rate in the nation,” said Governor Pete Ricketts. “Nebraskans are tough, hardworking people, and they are powering Nebraska’s current economic boom. With tens of thousands of open jobs, there are great opportunities for people of all backgrounds here in the Good Life.”
The 2.3% rate ties the lowest rate on record according to Ricketts, the other dates on record are April through August of 1990 and October through February 1997-1998.
Trailing Nebraska in the top six for the country is Utah at 2.6%, New Hampshire and South Dakota at 2.9% and Idaho and Vermont at 3.0%.