The U.S. economy continued to rebound in March, as private-sector employment and average hourly earnings rose.
The findings were contained in the most recent “State Economic Snapshots” released by Congress’ Joint Economic Committee.
Highlights include:
- Private-sector employment increased in 37 states and the District of Columbia in March.
- The unemployment rate fell in 21 states in March; 30 states had an unemployment rate below the national rate of 5.0 percent. The largest declines were in Tennessee (0.4 percentage point), Oregon (0.3 percentage point), Arkansas, Mississippi and South Dakota (0.2 percentage point each).
- Average hourly earnings, adjusted for inflation, increased in 31 states over the past year.