Corrected: Delaware unemployment rate drops to 4.5%

116
Advertisement

According to a report from the U.S. Bureau of Labor Statistics, Delaware’s unemployment rate dropped to 4.5% in March, down one-tenth of one percent from a month earlier.

Delaware’s seasonally adjusted unemployment rate in February 2022 was 4.6%, down from 4.8% in January 2022. The First State’s jobless rate remains higher than the national figure of 3.6% in March.

The good news on the labor front has been tempered by rising inflation, with employers offering higher pay in an effort to attract employees.

Delaware’s unemployment rate ranks 41st among the 50 states and the District of Columbia. It’s a similar story in the region, with Maryland, Pennsylvania, and New York all recording higher jobless rates than Delaware. Exceptions are Virginia, with a 3% rate, and New Jersey, with a 4.2% rate.

Interestingly enough, Delaware’s higher unemployment rate may be a competitive advantage in efforts to deal with a persistent labor shortage.

Advertisement

Recently, the Delaware Prosperity Partnership took note of a report from the financial website WalletHub that shows Delaware with a less severe labor shortage than other states.

StateMarch 2022(P)
rate
Rank
Nebraska2.01
Utah2.01
Indiana2.23
Montana2.34
Kansas2.55
Minnesota2.55
New Hampshire2.55
South Dakota2.55
Idaho2.79
Oklahoma2.79
Vermont2.79
Wisconsin2.812
Alabama2.913
North Dakota2.913
Virginia3.015
Arkansas3.116
Georgia3.116
Florida3.218
Tennessee3.218
Arizona3.320
Iowa3.320
Rhode Island3.422
South Carolina3.422
Wyoming3.422
North Carolina3.525
Maine3.626
Missouri3.626
Colorado3.728
West Virginia3.728
Oregon3.830
Kentucky4.031
Hawaii4.132
Ohio4.132
Louisiana4.234
Mississippi4.234
New Jersey4.234
Washington4.234
Massachusetts4.338
Michigan4.439
Texas4.439
Delaware4.541
Connecticut4.642
Maryland4.642
New York4.642
Illinois4.745
California4.946
Pennsylvania4.946
Alaska5.048
Nevada5.048
New Mexico5.350
District of Columbia6.051
From the Bureau of Labor Statistics

A previous version of this post incorrectly reported a 4.4% unemployment rate in Delaware.

Advertisement
Advertisement