Employment Ranges Stay Increased, however Hiring Momentum Is Slowing
Nationwide now not seasonally adjusted payroll development employment higher by way of 33,000 jobs in comparison to September 2024. On a seasonally adjusted foundation, development employment reached 8.3 million, marking a degree 9.1% above the business’s pre-pandemic top of seven.6 million.
In spite of those positive factors, year-over-year employment enlargement is decelerating. September marked the 3rd consecutive month wherein annual task enlargement got here in underneath 100,000, following greater than 4 years of six-digit will increase.
States With the Lowest Building Unemployment
The six states with the bottom estimated now not seasonally adjusted development unemployment charges in September have been:
-
Oklahoma: 1.4%
-
Hawaii: 1.7%
-
New Hampshire: 2.0%
-
Georgia: 2.2%
-
Indiana: 2.2%
-
Tennessee: 2.2%
Oklahoma, Hawaii and Indiana each and every posted their lowest September development unemployment charges on report. Hawaii additionally recorded one of the most biggest year-over-year declines, down 1.2 proportion issues, in conjunction with Illinois, Kentucky and Louisiana. Tennessee posted its second-lowest September charge on report, trailing best the two.1% ranges noticed in 2021 and 2022.
Be aware: Hawaii’s charge comprises development plus mining and logging.
States With the Very best Building Unemployment
The 5 states with the best possible estimated development unemployment charges in September have been:
-
Minnesota: 5.9%
-
Montana: 5.9%
-
Connecticut: 6.7%
-
Rhode Island: 7.5%
-
New Jersey: 9.4%
Rhode Island recorded its lowest September charge since 2021.
Comparability to Pre-Pandemic Exertions Prerequisites
Building unemployment charges have been less than pre-pandemic ranges in simply over 40% of states. As of September 2025, 21 states reported decrease development unemployment in comparison to September 2019, whilst 27 states have been upper and two—Arkansas and Washington—have been unchanged.
“Upper development fabrics prices because of price lists, upper insurance coverage prices and emerging exertions prices in conjunction with a scarcity of professional development staff are weighing upon the development business,” mentioned Bernard Markstein, President and Leader Economist of Markstein Advisors, who carried out the research for ABC. “At the certain aspect, a reasonably more uncomplicated coverage stance by way of the Federal Reserve has led to decrease rates of interest. Additional declines in rates of interest are most likely in 2026.”
Month-to-Month Adjustments Sign Seasonal Force
From August to September, the nationwide now not seasonally adjusted development unemployment charge rose by way of 0.6 proportion issues. Handiest Iowa and Utah recorded decrease charges month over month, whilst 46 states posted will increase. Hawaii and Ohio reported no trade.
To higher perceive the foundation for calculating unemployment charges and what they measure, take a look at the Background on State Building Unemployment Charges at www.abc.org/Information-Media/Information-Releases.
