WalletHub, the site specialized in financial information, carried out a study to identify where unemployment claims are increasing the most. It compared all 50 states and the District of Columbia based on changes in initial unemployment insurance claims over several key weeks, also considering the number of claims per person in the workforce.
“High inflation and the looming threat of a recession could send jobless claims soaring once again.”, says the WalletHub report. “Indeed, the job market has faltered recently, with new jobless claims rising 5.7% week-over-week on April 24. There are currently 5.8 million unemployed Americans in total, and it’s important to look at some key statistics from the past week to get the full picture.
According to the report, there was an increase in weekly claims nationwide in 16 states. Including Indiana, New York and Delaware, and the District of Columbia had jobless claims last week that were better than the same week last year, while Hawaii and New Hampshire were flat.
States that had unemployment claims last week that were higher than the previous week were: North Carolina, North Dakota, New Mexico, Missouri, Oregon, Nevada, Indiana, Hawaii, California, Florida, Wisconsin, Pennsylvania, Minnesota, Massachusetts, South Dakota, Iowa, Oklahoma, Colorado, Alaska, Virginia, New Hampshire , Kentucky and the District of Columbia.
To identify where unemployment claims are increasing the most amid costly inflation, WalletHub compared all 50 states and the District of Columbia.
States with the largest increases in unemployment claims:
State: Kentucky
Biggest increase since last week: 1
Claims per 100,000 people in the workforce: 50
State: Massachusetts
Biggest increase since last week: 2
Claims per 100,000 people in the workforce: 51
State: New Hampshire
Biggest increase since last week: 3
Claims per 100,000 people in the workforce: 29
State: Colorado
Biggest increase since last week: 4
Claims per 100,000 people in the workforce: 37
State: Virginia
Biggest increase since last week: 5
Claims per 100,000 people in the workforce: 8
State: Alaska
Biggest increase since last week: 6
Claims per 100,000 people in the workforce: 48
State: Iowa
Biggest increase since last week: 7
Claims per 100,000 people in the workforce: 32
State: California
Biggest increase since last week: 8
Claims per 100,000 people in the workforce: 49
State: Oregon
Biggest increase since last week: 9
Claims per 100,000 people in the workforce: 47
State: Minnesota
Biggest increase since last week: 10
Claims per 100,000 people in the workforce: 31
In counterpart:
State: Wyoming
Biggest increase since last week: 49
Claims per 100,000 people in the workforce: 25
State: NY
Biggest increase since last week: fifty
Claims per 100,000 people in the workforce: 41
State: Delaware
Biggest increase since last week: 51
Claims per 100,000 people in the workforce: 2
The data used to create this classification was obtained from the US Department of Labor.
For more details of the analysis, enter here.
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