New unemployment claims decreased by 3% week-over-week on July 17, amid the slowing of inflation. To help add some context to this statistic, WalletHub just released updated rankings for the States Where Unemployment Claims Are Decreasing the Most.
Key Stats:
- Every state had unemployment claims last week that were lower than in the previous week except for Colorado and Vermont.
- Every state had unemployment claims last week that were lower than in the same week pre-pandemic (2019) except for West Virginia, Hawaii, Tennessee, Nebraska, Idaho, California, Nevada, Texas, Connecticut, Georgia, New Mexico, New York, Oregon, Indiana, Minnesota, Colorado, Utah, Vermont and Ohio.
- Surprisingly, 29 states – including Vermont, Ohio, and Massachusetts – had unemployment claims last week that were worse than the same week last year.
| Decreased Most Last Week | Decreased Least Last Week |
| 1. South Carolina | 42. Hawaii |
| 2. Kentucky | 43. District of Columbia |
| 3. Mississippi | 44. Oregon |
| 4. Arkansas | 45. Massachusetts |
| 5. Alabama | 46. West Virginia |
| 6. Michigan | 47. Utah |
| 7. Missouri | 48. California |
| 8. Maine | 49. Colorado |
| 9. Maryland | 50. Ohio |
| 10. Wisconsin | 51. Vermont |
You can read the full report here – wallethub.com/edu/