Abstract
This study examines fluctuations in state-level monthly unemployment rates from January 1976 to December 2016, a period of 492 months. Using data from the Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics series, patterns in the monthly seasonally adjusted unemployment rates of the 50 states and the District of Columbia are examined. The study focuses on two unemployment-related issues. First, the relationship between a state’s unemployment rate and the U.S. unemployment rate is examined. Second, we explore the extent to which a state’s geographic location, using Census regions and Census divisions, affects its monthly unemployment rate.
Highlights
The analysis of U.S state unemployment rates has received considerable attention from researchers in the past
The results indicate that the only division dummy with a value less than 1.0 is New England, which has a value of .9576, indicating that a state in the New England division has an unemployment rate that’s approximately .96 percentage points higher, on average, than a state in the West North Central (WNC) division
The study has focused on two issues: 1) The extent to which geographic location, using Census regions and Census divisions, affects state unemployment rates; and 2) How the unemployment rate in a given state is affected by the U.S unemployment rate
Summary
William Levernier1* & Mark Yanochik1 1 Department of Economics, Georgia Southern University, Statesboro, GA, USA * Mark Yanochik, Department of Economics, Georgia Southern University, Statesboro, GA, USA Accepted: May 8, 2020 Online Published: May 20, 2020 URL: http://dx.doi.org/10.22158/ibes.v2n2p34
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