evidence: Job reports through the second quarter of the year saw slight upticks in the unemployment rate from month to month, even as the labor market continued to add jobs. This dynamic is indicative of an increase in labor force participation: More people are engaged in the process of working and looking for work than before. Moreover, the 4% unemployment rate itself is historically low, even if it is not as low as the record rates achieved over the last year. We continue to experience one of the strongest labor markets in recent memory. [...] Lowest: N.D., S.D. (2.0%) [...] Lowest: N.D.*, S.D.* (1.7%); N.Y. (2.4%)