Delaware’s jobless rate finally matches national figure

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Delaware and US jobless rates
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Delaware’s seasonally adjusted unemployment rate finally matched the national figure.

It was the first time in 33 months that Delaware’s jobless rate matched the national number.

One troubling development was a decline in the labor participation rate.

The state’s unemployment rate in April was 3.9%, unchanged from March 2024. There were 19,800 unemployed Delawareans in April compared to 19,300 in April 2023. The national unemployment rate was 3.9% in April, up from 3.8% in March. In April 2023, the nation’s unemployment rate was 3.4%, while Delaware’s rate was 3.8%.

In April 2024, seasonally adjusted nonfarm employment was 490,400, up from 488,300 in March 2024. Since April 2023, Delaware’s total nonfarm jobs have increased by 7,200, up 1.5%. Nationally, jobs during that period increased by 1.8%.

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The state has seen a six-month decline in total employment, although the total is still ahead of a year ago.

The state also saw the labor participation rate fall to 60.1%, the lowest since the beginning of the Covid-19 pandemic in April 2020 when the rate was 59.5%. The 59.5% rate was the lowest since record-keeping began in 1978..

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