Philadelphia Fed says Delaware April jobless rate could drop to 3.2 percent

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Delaware could see its unemployment drop another tenth of a percent in April, the Federal Reserve Bank of Philadelphia reported.

Using an analytical method created by bank researchers, unemployment rates for April could decrease from 3.9 percent to 3.8 percent in Pennsylvania, from 3.3 percent to 3.2 percent in Delaware, and remain unchanged at 4.1 percent in New Jersey.

The Philadelphia Fed issues the “nowcast” estimates to account for the gap between the period between the release of the nation’s unemployment figures and the

During the month of April, the national unemployment rate decreased from 3.8 percent to 3.6 percent. Delaware’s unemployment rate has fallen below the national rate in recent months

The next state nowcast release will be on June 7, 2019, following the BLS release of the May national employment report.

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