May Unemployment Rate Declines in Six US States, Rises in Two and Steady Elsewhere

BY MT Newswires | ECONOMIC | 10:18 AM EDT

10:18 AM EDT, 06/23/2026 (MT Newswires) -- State-level data released by the Bureau of Labor Statistics Tuesday showed the unemployment rate fell in six states in May, rose in two and held steady elsewhere.

The unemployment rate declined by 0.2 percentage point in South Carolina, Delaware, Ohio, Massachusetts, and Rhode Island, while it declined by 0.1 percentage point in South Dakota.

South Dakota had the lowest rate at 2.1% while Washington DC had the highest at 6.1%.

The national unemployment rate was reported at 4.3% in May, unchanged from April.

Nonfarm payrolls rose in two states, and were little changed elsewhere. Nationwide nonfarm payrolls increased by 172,000 in May after a 179,000 gain in April.

The largest payrolls gain in absolute terms was in North Carolina, which added 17,400 jobs, followed by West Virginia with 9,700.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article