This Is The State With The Highest Unemployment

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
This Is The State With The Highest Unemployment

© okimo / iStock via Getty Images

From the horrible April 2020 national unemployment rate of 14.7%, brought on by the pandemic, the jobless rate has recovered to about 6%, which still remains well above the level of January and February 2020 when the rate was at a five-decade low. As vaccination rates have risen and the number of daily new cases and deaths have dropped, more and more people have returned to work. Recently Treasury Secretary Janet Yellen said she expects full employment again by next year.

Every month, the U.S. Bureau of Labor Statistics produces its “State Employment and Unemployment” report. The most recent covered March when the national rate was 6%. The key set of figures in the report:

Nonfarm payroll employment increased in 29 states and was essentially unchanged in 21 states and the District of Columbia in March 2021. Over the year, nonfarm payroll employment decreased in 46 states and the District and was essentially unchanged in 4 states.

The recovery has been uneven, particularly in terms of jobs. The state with the worst unemployment figure in March was Hawaii at 9%, or 50% higher than the national average. The states with the lowest figures, at 2.9% were Nebraska, South Dakota, Utah, and Vermont.

Because Hawaii is the most isolated state based on geography, it was not nearly as hard hit by the COVID-19 pandemic as some other states. However, in terms of jobs, it paid a terrible price. The island state mostly kept out the tourists that feed its economy as a means to keep its infections down. While the plan worked to a large extent, hotels, resorts, and restaurants were shuttered for months.

[nativounit]

The situation, while still difficult, has recovered from the worst of it particularly in several hard-hit cities. Last June, ABC reported:

The unemployment rate in Kahului skyrocketed to 35% in April — nearly 10% higher than the national unemployment rate at the peak of the Great Depression — and the highest of any metropolitan area in the U.S., according to the latest data available from the Bureau of Labor Statistics.

More recently, the press has recorded an improvement. San Francisco’s SFGate reported: “As the world continues vaccination and reopening efforts, Hawaii plans to continue the program through 2021.” The report added that experts expect herd immunity across the state by July.

Hawaii has the worst unemployment across all states, but it appears that could change soon.

Click here to read 39 States Where People Gave Up Looking For Jobs During The Pandemic.

[wallst_email_signup]

 

 

 

 

 

 

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618