In November, estimated not seasonally adjusted construction unemployment rates increased nationally and in 38 states, fell in 11 states and were unchanged in one state (Washington) on a year-over-year basis.
Vermont and New Hampshire still lead the country with some of the lowest rates, 3.7% and 3.4% respectively. It was still Vermont’s second lowest November rate on record, behind a rate of 3.2% last year.
Because these industry-specific rates are not seasonally adjusted, national and state-level unemployment rates are best evaluated on a year-over-year basis. The monthly movement of rates still provides some information, although extra care must be used when drawing conclusions from these variations.
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