Thursday, November 14, 2024
Hawai'i Free Press

Current Articles | Archives

Saturday, July 18, 2020
Even with Drop in Unemployment, Hawaii Ranks 49th in Bounce Back from COVID
By Selected News Articles @ 11:46 PM :: 3744 Views :: Economy, Hawaii Statistics, COVID-19

States Whose Unemployment Rates Are Bouncing Back Most

From Wallet Hub,  Jul 17, 2020

June’s jobs report brought encouraging news for the employment market, as the economy added 4.8 million nonfarm payroll jobs. That’s nearly double the amount added in May. Now, the U.S. unemployment rate sits at 11.1%, which is still high but is a decline from the nearly historic high of 14.7% at the peak of the COVID-19 pandemic. This drop can be attributed to the fact that all U.S. states have reopened at least some non-essential businesses. In addition, most people who became unemployed during this crisis have only been temporarily laid off, and expect to be rehired by their former employers once companies reopen and start to make money again. However, it will take far more time for us to reduce the unemployment rate to pre-pandemic levels than it did for the virus to reverse over a decade of job growth.

In order to identify the states whose unemployment rates are bouncing back most, WalletHub compared the 50 states and the District of Columbia based on four key metrics. They looked at the change in each state’s unemployment rate during the latest month for which they have data (June 2020) compared to June 2019 and January 2020. They also compared not seasonally adjusted continued claims in June 2020 to June 2019. Finally, they considered each state’s overall unemployment rate. This monthly report is a companion to “States Whose Unemployment Claims Are Recovering the Quickest”, which examines unemployment claims on a weekly basis.

read … Full Report

Overall Rank 49
State Hawaii
Unemployment Rate (June 2020) 14.40%
Change in Unemployment (June 2020 vs June 2019) 302.10%
Change in Unemployment (June 2020 vs January 2020) 356.60%
Not Seasonally Adjusted Continued Claims (June 2020 vs. June 2019) 1720.60%
Recovery from Unemployment (June 2020 vs. June 2019) 47
Recovery from Unemployment (June 2020 vs January 2020) 50

 

 

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii