Washington Has 37th Biggest Unemployment Increase in US
Is the unemployment rate in the state of Washington better or worse than the majority of the country? According to a new study from our friends at WalletHub.com, Washingtonians don't have it as bad about 72% of the other state, ranking #37 overall.
From their study:
"As the U.S. economy has slowed to a crawl due to COVID-19, countless businesses have shut their doors in accordance with the resulting social distancing policies. Consequently, many businesses have furloughed or laid off employees, and roughly 26.5 million Americans have found themselves temporarily or permanently out of a job since the week of March 16. Though some states are already relaxing certain social distancing restrictions or are planning to soon, a full reopening of the economy still seems far off. Americans should expect to see incremental change, as recommended by the White House, rather than a sudden jump back to normalcy."
"While Americans have started to receive their government stimulus payments , those who are jobless will likely still struggle. However, not all states have experienced the same levels of unemployment due to the pandemic."
To identify which states’ workforces have been hurt most by COVID-19, the folks at WalletHub compared the 50 states based on increases in unemployment claims.
Read on for the results, additional commentary from a panel of experts and a full description of their methodology.