Ninth District Forecast

Chart: Unemployment Rate

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Data as of June 25, 2014

Unemployment Rate

Unemployment rates are expected to decrease somewhat. During 2014, unemployment rates are predicted to decrease in all areas except South Dakota, where the unemployment rate is expected to increase slightly to 3.8 percent. In North Dakota, the unemployment rate is expected to drop to 2.5 percent. North Dakota currently has the lowest unemployment rate in the country. In 2015, unemployment rates are generally expected to remain level, with slight decreases in Montana and the Upper Peninsula and slight increases in Minnesota and Wisconsin. Unemployment rates in 2015 are predicted to remain below historical averages except in Wisconsin, where the rate will be slightly above at 5.8 percent. Only Wisconsin and the Upper Peninsula are expected to remain above the U.S. unemployment rate.

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