The latest data has shown that recent job growth in the U.S. was broad-based with the majority of states posting an increase in employment and a drop in the jobless rate to open the second quarter, according to Bloomberg. On Friday, the Labor Department reported that payrolls increased in 42 states in the U.S. during April while the unemployment rate dropped in 39 states. The report shows that the 244,000 jobs that were added in April for the entire country we dispersed widely across the country, while the increase in the jobless rate stemmed for isolated sources.
New York and Texas led the country with payroll gains of 45,700 and 32,900 during April, while joblessness dropped by the most in Nevada despite that state posting the national high jobless rate of 12.5%. Eric Green of TD Securities said, “The job gains are now filtering through most sectors of the economy,” adding that small and medium businesses were increasing hiring due to “rising sales expectations and stronger domestic demand.” North Dakota posted the lowest jobless rate in the U.S. at 3.3% in April.