Changes in Unemployment Rate by State

Wallet Hub, July 22, 2022

…June’s jobs report showed a slight slowdown in growth. The economy gained 372,000 nonfarm payroll jobs, a decrease from 384,000 the previous month. In June, there were notable gains in sectors including leisure and hospitality, professional and business services, and health care.

Now, the U.S. unemployment rate sits at 3.6%, the same percentage it has held for several months. We have come a long way from the nearly historic high of 14.7% in April 2020, due to a combination of vaccinations and states removing restrictions. However, inflation and the potential of a recession threaten to push the unemployment rate higher again if Federal Reserve rate increases are not able to stave them off.

In order to take stock of how unemployment rates are changing throughout the U.S., WalletHub compared the 50 states and the District of Columbia based on six key metrics that compare unemployment rate statistics from the latest month for which data is available (June 2022) to key dates in 2022, 2021, 2020 and 2019….

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