Unemployment Rate Usa By State

Unemployment In The United States

Unemployment rate hits 13 per cent in Canada, higher in U.S.

Unemployment in the United States discusses the causes and measures of U.S. unemployment and strategies for reducing it. Job creation and unemployment are affected by factors such as economic conditions, global competition, education, automation, and demographics. These factors can affect the number of workers, the duration of unemployment, and wage levels.

Rhode Island Unemployment Rate

Following the American Revolution, Rhode Island had a prominent manufacturing sector. Deindustrialization eventually led to the decline of manufacturing, which was slowly replaced with a more service-based economy. Healthcare and social assistance is the dominant industry in Rhode Island.

Unemployment Historic High/Low:
Historic High: 18.4

Historic Low: 2.7
Current unemployment: 2.8

Don’t Miss: How To File For Unemployment In Michigan Online

District Of Columbia Unemployment Rate

Although technically a city, the BLS still records a state unemployment rate for the District of Columbia. While it may come as little surprise that the U.S. capital’s workforce is heavily represented in its government sector, the professional and business services industry has actually been the largest and fastest growing sector from 2019 to 2020. It also has the highest population density in the country, when compared to the 50 states.

Unemployment Historic High/Low:
Historic High: 11.3

Historic Low: 4.7
Current unemployment: 5.1

Us Monthly Unemployment Rate

U.S. Unemployment Forecast 2017 Suggests âRealâ? Unemployment Could Hit 30%

16 years and older

Supplementary notes

Seasonal adjustment is a statistical method used to remove the seasonal component of a time series that is used when analyzing non-seasonal trends. It is normal to report un-adjusted data for current unemployment rates, as these reflect the actual current situation. Seasonally-adjusted data may be used for the longer term comparison. Unlike trend and cyclical components, seasonal components, theoretically, happen with similar magnitude during the same time period each year. The seasonal component of a series is often considered to be uninteresting in its own right and may cause the interpretation of a series to be ambiguous. By removing the seasonal component, it is easier to focus on other components.

Recommended Reading: What If I Already Paid Taxes On Unemployment

How Are State Unemployment Rates Determined

Each state’s unemployment rate is measured as part of the Local Area Unemployment Statistics program, run by the BLS. These figures are updated monthly and are freely available on the BLS’ website. LAUS also provides employment data for locations in the U.S. other than the 50 states, such as counties, metropolitan areas, and even several cities.

A state’s unemployment rate is a good indicator of its economic strength. However, it’s important to keep in mind how the rate is determined, so as not to make an incorrect assumption. The simplest way to calculate the unemployment rate is to divide the number of unemployed individuals in a state by its total labor force.

For example, say State A has a population of 600,000 residents and an unemployment rate of 5%, while State B has a population of 1,200,000 and an unemployment rate of 2.5%. Although State A has a higher unemployment rate, they each have the same number of unemployed workers . So, while it would be correct to say that State A has been hit harder by unemployment, it would be wrong to assume State A has more jobless persons based solely on the rate.

Local Area Unemployment Statistics

The statistics in this section are gathered from the LAUS Program. This program provides estimates of labor force and the unemployment rate, by place of residence.For more information read our LAUS Program Information Sheet and go to the Bureau of Labor Statistics’ website.

County Unemployment Rate

*To access historical data, scroll down to the bottom of the table and click , specify Date Range “From, To” then choose whether you want to Preview/Print or download in a specific format .*

More Data:

South Dakota Unemployment Rate

Agricultural production is one of the most prominent sectors in the South Dakota economy, though most of the state’s workforce is actually employed in the service industry. At times the tourism industry in the Mount Rushmore State has been nearly equal to to the agriculture sector due to its many notable attractions, including that iconic carved mountain.

Unemployment Historic High/Low:

Historic High: 8.8
Historic Low: 2.3
Current unemployment: 2.3

North Dakota Unemployment Rate

US unemployment rate rises to 14.7%, with 20.5 million jobs lost in April

Approximately 90% of North Dakota is made up of farms and ranches, a factor that allows agriculture to be the state’s biggest economic contributor and responsible for one-fourth of its workforce. The Roughrider State is one of the few states where the advanced manufacturing sector has grown most have seen their industry shrink over time.

Unemployment Historic High/Low:
Historic High: 8.3

Historic Low: 2.0
Current unemployment: 2.3

Number Of Unemployed In Us 2022

The United States had an unemployment rate of 3.5 percent in August 2022, according to the Bureau of Labor Statistics . This means that there were 5.7 million unemployed people in the US that month. The unemployment rate peaked at 10 percent in October 2009 during the Great Recession, but it has slowly declined since then. In February 2021, after the pandemic, the unemployment rate was 4.9 percent. There were 7.6 million unemployed people in the US.

Us Youth Unemployment Rate 1991

U.S. youth unemployment rate for 2021 was 9.57%, a 5.28% decline from 2020.
U.S. youth unemployment rate for 2020 was 14.85%, a 6.51% increase from 2019.

U.S. youth unemployment rate for 2019 was 8.34%, a 0.24% decline from 2018.
U.S. youth unemployment rate for 2018 was 8.58%, a 0.63% decline from 2017.

U.S. Youth Unemployment Rate – Historical Data
Year	% of Total Labor Force Ages 15-24	Annual Change

Don’t Miss: Does Unemployment Count As Income For Medicaid

Government As The Employer Of Last Resort

The government could also become the employer of last resort, just as central banks are the lenders of last resort. A job guarantee would maintain labor market stability and could establish full employment. This would introduce a shock absorber into the labor market. Full employment might also gain wider support among the electorate than a basic income policy.

Supporting Video & Audio Files:

Disclaimer: Editorial and user-generated content is not provided or commissioned by financial institutions. Opinions expressed here are the authors alone and have not been approved or otherwise endorsed by any financial institution, including those that are WalletHub advertising partners. Our content is intended for informational purposes only, and we encourage everyone to respect our content guidelines. Please keep in mind that it is not a financial institutions responsibility to ensure all posts and questions are answered.

Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offers details page using the designation “Sponsored”, where applicable. Advertising may impact how and where products appear on this site . At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.

Don’t Miss: Am I Eligible For Unemployment

Current Unemployment Rates For States And Historical Highs/lows

Current Unemployment Rates for States and Historical Highs/Lows, SeasonallyAdjusted

State

Preliminary

Note: Rates shown are a percentage of the labor force. Data refer to place of residence. Seriesbegin in January 1976. Historical highs and lows show the most recent month that a rate wasrecorded in the event of multiple occurrences. Estimates for at least the latest five years aresubject to revision early in the following calendar year. Estimates for the current month aresubject to revision the following month.

September 16, 2022

Difference Between The Unemployment And Jobs Reports

The unemployment rate and figures from the jobs report don’t always tell the same story, because they are taken from two different surveys.

The unemployment rate is taken from the household survey of individuals. It describes who is employed and who isn’t based on their responses.

The number of jobs added is taken from the establishment report, more commonly called the “nonfarm payroll report.” This survey of businesses describes how many jobs were created or lost by industry.

The number of unemployed doesn’t match the number of jobs lost, because these reports are taken from completely different sources. Those discrepancies are expected, and the estimates are revised each month as more data comes in.

Also Check: Do You Have To File Taxes For Unemployment

Charting Jobs Unemployment And Labor Force Changes Across The States And Over Time

The map below shows the current unemployment rate in each state, and the percent change in the number of jobs in each state over the preceding 12 months. Clicking on a state will also show the change in that states unemployment rate or change in the number of jobs over the last 3 months, 12 months, and since December 2007the peak of the previous business cycle.

The charts below the map show the unemployment rate over time, the change in the total number of jobssince December 2007, and the change in the labor force since December 2007 for the selected state, as well as all other states in the same Census division.

Unemployment Benefits In Usa

Unemployment rate in the United States reaches highest level since Great Depression

If youre out of work and looking for unemployment benefits in the United States, there are a few things you should know. First, the unemployment rate is a measure of the percentage of people in the labor force who are looking for work but cannot find it. The unemployment number fluctuates from month to month as people enter and leave the workforce. Third, unemployment benefits are available to eligible workers who have lost their jobs through no fault of their own.

To receive benefits, you must file a claim with your states unemployment office. You will be asked about the reasons for your job loss and how much money you earned before becoming unemployed. Your eligibility for unemployment compensation will depend on several factors, including whether you qualified for regular benefits , if you voluntarily left your job, and the number of weeks you worked during the base period . The maximum amount of time that an individual can collect weekly benefits is 26 weeks.

In order to qualify for an extension, your continued lack of employment needs to be due to circumstances beyond your control, such as illness or injury that has resulted in a diminished capacity to work natural disaster military service involuntary layoff because of plant closure or curtailment or reemployment after retirement. You also need to demonstrate what you are doing to look for new work. A reduced benefit period may apply if youre enrolled in school full-time.

Also Check: What Time Does Unemployment Deposit Money On Your Card

New Jersey Unemployment Rate

New Jersey’s biggest industry by employment is healthcare, which has continued to grow ever since 1990. Second is retail trade, which accounts for roughly 13% of the Garden State’s workforce, though a significant portion are seasonal or part-time workers.

Unemployment Historic High/Low:
Historic High: 15.8
Historic Low: 3.2

Current unemployment: 4.0

Us Unemployment Rates By Year

The U.S. Bureau of Labor Statistics has measured unemployment since the stock market crash of 1929.

Gross domestic product is the measure of economic output by a country. When the unemployment rate is high, there are fewer workers. That could lead to less economic output and a lower rate of GDP.

When inflation rises, the prices of goods and services go up, making them more expensive. If there is a high rate of unemployment at the same time, this could cause issues for those without an income since they may be struggling to afford basic necessities.

The following table shows how unemployment, GDP, and inflation have changed by year since 1929. Unless otherwise stated, the unemployment rate is for December of that year. Unemployment rates for the years 1929 through 1947 were calculated from a different BLS source due to current BLS data only going back to 1948. GDP is the annual rate and inflation is for December of that year and is the year-over-year rate.

Year

Us Job Growth Strong In September As Labor Market Forges Ahead

Nonfarm payrolls increase 263,000 in September
Unemployment rate falls to 3.5% from 3.7%

Average hourly earning rise 0.3% up 5.0% year-on-year
Average workweek unchanged at 34.5 hours

WASHINGTON, Oct 7 U.S. employers hired more workers than expected in September, while the unemployment rate dropped to 3.5%, pointing to a tight labor market which keeps the Federal Reserve on its aggressive monetary policy tightening campaign for a while.

Though the 0.2 point decline in the jobless rate from 3.7% in August was partly because of people leaving the workforce, the Labor Departments closely watched employment report on Friday also showed fewer Americans working part-time for economic reasons last month. The labor market continues to show resilience despite the Feds stiff interest rate hikes.

The labor market isnt just rolling along, its a virtual steam-roller that does nothing to slow economic demand and help the Fed in its inflation fight, said Christopher Rupkey, chief economist at FWDBONDS in New York.

Nonfarm payrolls increased by 263,000 jobs last month after rising by an unrevised 315,000 in August, the survey of establishments showed. Job growth has averaged 420,000 per month this year, down from the monthly average of 562,000 in 2021.

Economists polled by Reuters had forecast 250,000 job gains, with estimates ranging from as low as 127,000 to as high as 375,000. The unemployment rate was forecast unchanged at 3.7%.

What Is The Relationship Between Initial Claims And The Unemployment Rate And Why Might It Be Different Now

Unemployment map shows huge jobless spikes across the country with ...

The number of people receiving UI and the number counted as unemployed do tend to move in the same direction, but there is no formal link between the two. The only criteria for being counted as unemployed are that you are without a job and that you have actively searched for work or are on temporary layoff. You dont need to be collecting unemployment insurance to be counted as unemployed. And some people are eligible to collect partial unemployment insurance benefits if they are working but have been assigned a schedule that is far below their usual weekly hours.

Many people who become unemployed do not apply for UI benefits, either because they are not eligible or because they choose not to apply. So initial claims typically understate the number of people becoming unemployed in a given week. That said, there are people who file an initial claim and are not counted as unemployed in the CPS. This could happen if a person doesnt meet the CPS criteria for being unemployedfor instance, if they file for UI because their work schedule was reduced, or if the person has a very short spell of unemployment which is not captured in the CPS .

Also Check: When Will Extra Unemployment Start

New York Unemployment Rate

If you’ve either visited the Big Apple or called it home, it’s easy to think everyone in the U.S. lives there. However, although NYC does have the largest population of any U.S. city, New York itself is only the fourth most populous state. Even so, many significant industries in N.Y.such as financial servicesare based primarily in the Big Apple. Regarding the latter, NYC is the home of Wall Street and the New York Stock Exchange, currently the world’s largest stock market.

Unemployment Historic High/Low:

Historic High: 16.5
Historic Low: 3.7
Current unemployment: 4.7

Unemployment Rate By State 2022

One of the main indicators of the state of the United States economy is the unemployment rate. The unemployment rate is reported every month by the U.S. Bureau of Labor Statistics .

The unemployment rate is not only a measure of the economys strength but also a measure of the overall happiness and wellbeing of U.S. citizens. Long-term unemployment is a burden for many and can cause financial, emotional, and psychological ruin. A persons ability to provide for themselves and their family, pay their bills, and contribute to society are key factors in maintaining a happy life and cultural wellbeing.

There are three types of unemployment, all of which help explain why there is unemployment at a given time.

As of December 2019, the national unemployment rate is 3.6%. The unemployment rate varies between states, ranging from 2.30% to 6.10%. In general, the current unemployment rates in the states are lower than they were in 2018, with only a few exceptions.

Alaska has the highest unemployment rate of 6.10%. This, however, is lower than its 2018 unemployment rate of 7.30%. Alaska is in a statewide recession and has seen the fastest rate of job losses since 2015. The higher unemployment rates can be attributed to the seasonality of jobs, the natural frictional unemployment, and the population that lives a subsistence lifestyle.

Here are the 10 states with the highest unemployment rate:

Also Check: How To File For Unemployment South Carolina

Don't Miss