U.S. Unemployment Claims: Top States with Drops
WalletHub, a leading financial and economic information site, has released a report detailing the U.S. states where unemployment claims are dropping the fastest, offering a clear snapshot of each state’s economic health.
Earlier this year, the U.S. achieved historically low unemployment figures. Since then, there have been only minor fluctuations, even as inflation has cooled off.
“The job market remains strong right now, with a 5.7% drop in new unemployment claims for the week ending August 28. However, with 6.4 million Americans still jobless, it’s crucial to look at recent stats for a full picture,” the WalletHub report notes.
U.S. States Seeing the Biggest Drop in Unemployment Claims
Last week, all states, except for a list that includes Pennsylvania, Illinois, and California, among others, reported fewer unemployment claims than the previous week.
You may also like: Forecasted Decline in U.S. Labor Productivity according to The Conference Board
WalletHub compared the 50 states and the District of Columbia based on changes in unemployment claims over several key weeks. They also considered the number of claims per 100,000 workforce members.
States with the Largest Decrease in Unemployment Claims:
- Louisiana: Drop of 1, 10 claims per 100,000 workers.
- Oklahoma: Drop of 2, 14 claims per 100,000 workers.
- New Hampshire: Drop of 3, 2 claims per 100,000 workers.
- Florida: Drop of 4, 3 claims per 100,000 workers.
- Vermont: Drop of 5, 8 claims per 100,000 workers.
- Alabama: Drop of 6, 31 claims per 100,000 workers.
- Maryland: Drop of 7, 9 claims per 100,000 workers.
- Mississippi: Drop of 8, 20 claims per 100,000 workers.
- Montana: Drop of 9, 16 claims per 100,000 workers.
- Kentucky: Drop of 10, 15 claims per 100,000 workers.
For the full report and details on the methodology used, you can click here.
