Report: Hawaii is the State with the 2nd Biggest Increase in Unemployment Rate

With the unemployment rate now at 14.7% due in large part to the coronavirus, WalletHub today released its report on the States with the Biggest Increases in Unemployment Rates, to illustrate which areas of the country have been most and least impacted by COVID-19’s assault on jobs. This report examines unemployment rates on a monthly basis, complementing the weekly analysis in WalletHub’s report on the States Hit Most by Unemployment Claims.

In order to identify the states with the biggest increases in unemployment rates, WalletHub compared the 50 states and the District of Columbia based on three key metrics. They looked at the change in each state’s unemployment rate during the latest month for which we have data (April 2020) compared to April 2019 and January 2020. They also considered each state’s overall unemployment rate. Below, you can see highlights from the report.  

Unemployment Increase in Hawaii (1=Highest, 25=Avg.):

  • 764.91% Increase in Unemployment (April 2020 vs April 2019)
    • 148,980 unemployed people in April 2020 vs 17,225 in April 2019;
    • The highest increase in the U.S.
       
  • 666.20% Increase in Unemployment (April 2020 vs January 2020)
    • 148,980 unemployed people in April 2020 vs 19,444 in January 2020;
    • The highest increase in the U.S.
       
  • 23.5% Unemployment Rate (April 2020)
    • 3rd highest unemployment rate in the U.S.

To view the full report, please visit: https://wallethub.com/edu/states-with-biggest-increases-in-unemployment-rates/74907/

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