New federal figures show the nation’s unemployment rate continues to fall, with a dozen states posting their all-time lowest unemployment rates.
The US Bureau of Labor Statistics released unemployment figures for March on Friday, showing the national jobless rate was 3.6%, down 2.4 points from a year ago. The new figures show how well the U.S. labor market has recovered from the COVID-19 pandemic after it took hold in the United States more than two years ago.
Eight other states set new lows, including Alaska at 5%, Arizona at 3.3%, Georgia at 3.1%, Idaho at 2.7%, Mississippi at 4.2% , Tennessee at 3.2%, West Virginia at 3.7% and Wisconsin at 2.8%.
President Joe Biden, who has seen poll numbers plummet as inflation hit record highs, welcomed the news on Twitter.
“Today we learned that in March, twelve states hit record high unemployment. More families than ever before – in states from Alaska to Wisconsin – have a little more leeway” , did he declare. “We’ll never let go.”
Biden also touted the creation of 365,000 new manufacturing jobs in the United States last year, which he said was “the best year for American manufacturing jobs in nearly 30 years.” He described them as well-paying jobs that could support families and cannot be outsourced.
The District of Columbia had the highest unemployment rate in March at 6%, followed by New Mexico at 5.3%.
The bureau’s figures put the country’s unemployment rate at 5.3% for March 2020, the month when pandemic restrictions took hold in the United States and crippled large sectors of the economy.
Earlier this month, the US Department of Labor reported historic low unemployment claims for the first time with 166,000 workers laid off for the week ending April 2. The department said employers created 431,000 jobs in March.
However, consumer inflation continues to rise at record rates. Inflation rate of 1.2% from February to March. For the month of March, the year-over-year inflation rate rose 8.5%, its biggest jump in more than 40 years.
Newsweek contacted the White House.